California man Ray Brewer sentenced for duping investors into Ponzi scheme claiming to turn cow manure into green energy

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Ray Brewer, 66, of Porterville stole nearly $9 million from investors after telling them he could turn cow dung into green energy, US Attorney Phillip A. Talbert announced.

A California man was sentenced Monday to almost seven years in prison for running a multi-million dollar Ponzi scheme centering around cow manure.

Brewer took his shareholders on tours of the dairies, where he supplied them with forged lease agreements, altered bank statements and doctored contracts with multinational companies that made it appear he secured revenue streams.

 

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