Well what it looks like is that he created a straw company to capture
additional profits and didn't spend the money as he should have.
I can see this going two ways, one he did fraud, the other he seen a
chance for versicle integration in the supply chain and used that to
create a higher
George,
As quoted from the article;
After RUS unknowingly approved payment of the
fraudulent invoice and transferred the appropriate loan proceeds to
Stonebridge,
Gowdy paid Mainstream by check. As part of the
scheme, Mainstream then returned the funds
Hello George,
WOW! I helped Steve get through the USDA Broadband program when
we got approved in the broadband pilot program.
Barry
Monday, September 18, 2006, 11:25:55 AM, you wrote:
GR defrauding the U.S. Department of Agriculture of more than $1.6 million
GR in connection with a $4.2
I have heard about this on a few lists. Nothing I read indicates that
he refused to repay the loans, so how can there be fraud?
Doesn't it just burn everybody that someone will commit fraud
(supposedly) and then have the audacity to use those funds for
payroll?
Lonnie
On 9/18/06, George
