A Central Valley man was sentenced to federal prison Monday after he was convicted in a nearly $9 million Ponzi scheme where he claimed to turn cow manure into green energy.
According to U.S. Attorney Phillip Talbert's office, 66-year-old Ray Brewer of Porterville received a sentence of six years and nine months after pleading guilty to the scheme, which took place between 2014 and 2019.
The devices use microorganisms to break down manure into methane gas, which could be sold as green energy. Methane also produces renewable energy credits, which are often used by companies to meet green energy goals. During the scheme, Brewer took investors to dairies where he said he was going to build the digesters. He also sent investors forged lease agreements with dairies, along with altered agreements with banks that made it look like he obtained millions of dollars in loans and forged contracts with multinational companies that made it appear he had secured revenue streams.
When investors asked for refunds, prosecutors said he used newly received money from other investors.
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