September 5, 2015 |
They promised to make their investors "stinkin', filthy rich" with high-risk bets on real estate and green energy. Instead, federal prosecutors said, the cofounders of a company in the Philadelphia suburbs lined their pockets to the tune of $54.5 million in an elaborate Ponzi scheme. Troy Wragg, 34, and Amanda Knorr, 32, cofounders of Bala Cynwyd-based Mantria Corp., were charged with multiple counts of conspiracy and fraud in an federal indictment unsealed Thursday. Along with a third man, Wayde McKelvy, 52, who was also charged Thursday, prosecutors say, they encouraged investors to drain their retirement and mutual fund accounts to funnel money into empty projects with promises of yields as high as 484 percent.
February 10, 2013 |
PALERMO, Italy - Inside a midnight-blue BMW, a Sicilian entrepreneur delivered his pitch to the accused mob boss. A new business was blowing into Italy that could spin wind and sunlight into gold, ensuring the future of Earth as well as the Cosa Nostra: renewable energy. "Uncle Vincenzo," implored the businessman, Angelo Salvatore, using a term of affection for the alleged head of Sicily's Gimbellina crime family, Vincenzo Funari, 79. According to a transcript of their wiretapped conversation, Salvatore continued: "For the love of our sons, renewable energy is important.
October 20, 2012 |
Al Gore is about 50 times richer than he was when he left the vice presidency in 2001. According to an Oct. 11 report by the Washington Post's Carol D. Leonnig, Gore accumulated a Romneyesque $100 million partly by investing in alternative-energy firms subsidized by the Obama administration. Two days after that story ran, Mitt Romney proclaimed at a rally in Ohio's Appalachian coal country: "We have a lot of coal; we are going to use it. We are going to keep those jobs. " Thousands cheered.
September 16, 2012 |
Former Gov. Rendell on Friday encouraged green-energy advocates to support President Obama, despite the lack of enthusiasm they might have with the president's environmental record. Rendell, the keynote speaker at the PennFuture 2012 Clean Energy Conference at the DoubleTree Hotel in Center City, said there was "no question" that Obama supports a green-energy agenda. The Democrat said he was concerned about complacency because polls show Obama leading in Pennsylvania. "I want you not to believe for a second the fight here is over," Rendell told the audience of about 200 people, including representatives of nonprofits, government, and industry.
September 6, 2012
The Philadelphia Eagles' season has not yet officially begun, but the NFL team has already been declared an environmental winner. The Natural Resources Defense Council and the Green Sports Alliance on Wednesday cited the Eagles franchise as one of 20 leaders in the green-energy movement. The Eagles are retrofitting Lincoln Financial Field with solar panels, wind turbines and a biodiesel/natural gas generator that can produce 100 percent of the stadium's energy needs. The project, which is being installed by NRG Energy Inc. of Princeton, will give the Eagles "the most extensive on-site renewable system of any U.S. sports stadium," NRDC says.
June 22, 2012 |
Let the power games begin. On Wednesday, Philadelphia became the largest U.S. city to join an Environmental Protection Agency program aimed at getting more people, businesses, institutions - and more towns - to purchase electricity generated by solar panels, wind turbines, and other "green" sources. The program is voluntary, but once a city opts in, competition can heat up. Until Philadelphia's entry, Washington had bragging rights as the largest municipality in the program.
March 30, 2012 |
Green jobs - or, as our president calls them, the "jobs of the future" - have been notoriously tough to define and count. The federal Bureau of Labor Statistics recently did it, though, and now it's the result that's notorious. Facing an admittedly difficult project, the BLS created a definition that is so broad as to make it a meaningless measure of the green economy. Here's a sneak preview: There are 33 times as many green jobs in the septic tank and portable toilet servicing industry as there are in solar electricity utilities.
March 24, 2012
The trustees of Rutgers University, whose consent even Gov. Christie presumably needs to consummate a shotgun wedding between Rowan University and Rutgers-Camden, don't like being rushed. "I feel like I'm doing this with a gun to my head," trustee Dorothy Cantor said Thursday, referring to the governor's ambitious/preposterous July 1 deadline for setting the merger in motion. Rutgers trustees are frustrated by the lack of financial and other details in Christie's overall proposal, which mostly involves transferring assets of the University of Medicine and Dentistry of New Jersey to Rutgers-New Brunswick.
January 6, 2012 |
Brian Ott shivered or sweltered during services, depending on the season, when Hope Christian Fellowship, the church led by his brother Mark, shared a 1962 Woodbury synagogue building owned by Beth Israel Congregation. Ott, a mechanical engineer, said it reminded him of his youth, when he attended school in an old building that was once part of a missile-defense complex. "We went to Gloucester County Christian School, and that was built on an old Nike site in Pitman. No one in the 1960s worried about efficiency, and the buildings were impossible to heat or cool correctly," said Brian Ott. "But now we live in different times.