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 margin albeit with a separate company.
Could have been a play on labor or supplies.
All the facts are unknown, so it's hard to say except, hope the feds are
mistaken.
George
Lonnie Nunweiler wrote:
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 Rogato <[EMAIL PROTECTED]> wrote:
defrauding the U.S. Department of Agriculture of more than $1.6 million
in connection with a $4.2 million loan related to the expansion of
wireless broadband service to rural Minnesota.
http://communitydispatch.com/artman/publish/article_6420.shtml
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George Rogato
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George Rogato
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