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FBI Raids ‘Connected’ Energy Firm SOLYNDRA – ABC News

September 8, 2011

An FBI agent is shown executing search warrants at California solar firm Solyndra, Sept. 8, 2011. (KGO-TV/ABC News)

FBI Raids ‘Connected’ Energy Firm Solyndra

By MATTHEW MOSK and RONNIE GREENE

ABC NEWS and iWATCH NEWS

Sept. 8, 2011

The FBI has confirmed to ABC News that federal agents are conducting a search this morning at the offices of Solyndra, the now-bankrupt California solar power company that received $535 million in federal loans under a green energy program touted by President Obama.

The raid is part of a joint operation between the FBI and the Department of Energy’s Office of Inspector General, Public Affairs Specialist Peter D. Lee said Thursday morning. Lee said he could not disclose the reason for the raid because the matter is under seal. Karen Sulier, a spokeswoman for the Department of Energy’s inspector general’s office, confirmed its part in the probe.

Beginning in March, ABC News, in partnership with the iWatch News/the Center for Public Integrity, was first to report on simmering questions about the role political influence may have played Solyndra’s selection as the Obama administration’s first loan guarantee recipient. Federal auditors had flagged the loan, saying some applicants had benefitted from special treatment.

One of the lead private investors in Solyndra was an Oklahoma billionaire who served as an Obama “bundler,” raising money during the 2008 presidential campaign.

The bundler, George Kaiser, has declined to comment. His firm, Argonaut Ventures and its affiliates have been the single largest shareholder of Solyndra, according to SEC filings and other records. The company holds 39 percent of Solyndra’s parent company, bankruptcy records filed Tuesday show.

via FBI Raids ‘Connected’ Energy Firm Solyndra – ABC News.

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