**** Pacific Hydro is a name synonymous with wind industry skulduggery in Australia: the merciless treatment of its victims at Cape Bridgewater has been added to the annals of Australian corporate infamy, right up there with Aussie asbestos pedlar, James Hardie (see our post here). Pac Hydro has copped a pasting for riding roughshod over … Continue reading Wind Industry Ponzi Scheme Collapsing: Pacific Hydro’s “Downfall”
Tag: Pacific Hydro loses $685 million
The Wind Industry: You Know It’s a ‘Ponzi’ Scheme When its Targets Include Schools & Councils
**** STT has pointed out just a few times that the wind industry is little more than the most recent and elaborate Ponzi scheme in a list that dates back to “corporate investment classics”, like the South-Sea Bubble and Dutch tulip mania. In the wind industry, the scam is all about pitching bogus projected returns … Continue reading The Wind Industry: You Know It’s a ‘Ponzi’ Scheme When its Targets Include Schools & Councils
Pacific Hydro’s Ponzi Scheme Implodes: Wind Power Outfit Loses $700 Million of Mum & Dad Retirement Savings
Pacific Hydro is a name synonymous with wind industry skulduggery in Australia: the merciless treatment of its victims at Cape Bridgewater has been added to the annals of Australian corporate infamy, right up there with Aussie asbestos pedlar, James Hardie (see our post here). Now, its slap-dash approach to management, and all-round corporate malfeasance, has … Continue reading Pacific Hydro’s Ponzi Scheme Implodes: Wind Power Outfit Loses $700 Million of Mum & Dad Retirement Savings
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