Up today on Energy Probe is Parker Gallant’s analysis of Ontario’s Green Energy Act. Read on for who benefits (hint: it’s not you).
The press release on September 24, 2013 from the Attorney General’s (AG) office was headlined: “Attorney General recovers $17 million for Victims of Ponzi Scheme” and went on to describe how the money had been seized and sent to the American authorities in respect to a US-orchestrated “Ponzi Scheme.”
The definition of “Ponzi Scheme” from the “Legal Dictionary” is: “A fraudulent investment plan in which the investments of later investors are used to pay earlier investors, giving the appearance that the investments of the initial participants dramatically increase in value in a short amount of time.”
In the case of Ontario’s Ministry of Energy those “investments of later investors” is the billions of dollars extracted from…
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