The politically connected solar firm that announced its impending bankruptcy last week was raided by federal agents this morning as part of a joint investigation between the FBI and the Energy Department Inspector General’s office.


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The company, Solyndra Inc., had received significant favorable treatment from the Obama administration. One of the company’s primary investors, Oklahoma oil man George Kaiser, was also a major donor to the Obama campaign – a fact that raised concerns of political favoritism in the $535 million loan the company received from the federal government.

The San Francisco Chronicle reported on the raids Thursday morning:

FBI agents are serving search warrants this morning at Solyndra, the Fremont solar company that abruptly closed last week, an agency official said.

The search is part of a joint investigation involving the FBI and the Department of Energy’s Office of Inspector General, said FBI spokeswoman Julianne Sohn, who declined to elaborate.


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Solyndra closed its doors on Aug. 31. It did so without warning and without WARN, a state and federal law requiring advance notice of a large layoff or shutdown. The company has said it was most likely exempt from notifying its 900 full-time and 200 contract workers ahead of time under a loophole in the law, officially known as the Worker Adjustment and Retraining Act.

Read More at Heritage By Lachlan Markay, Scribe


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