A former Spokane man persuaded 50 investors to pay about $1.5 million to build an ethanol plant on the West Plains that never materialized, according to an indictment unsealed in federal court Wednesday. Robert J. Braun, 53, faces up to 20 years in prison and a fine of up to $5 million after he was indicted on 27 felony counts of wire and securities fraud. Court records say that instead of building the ethanol plant, Braun used the money to pay mortgages on three homes, for department store and clothing purchases, for car loans and to subsidize a women’s shoe and accessory store that he owned in Spokane.Dividing 1.5 million by 50 investors = 30K each. Not the same level as the previous fraud, but still a substantial amount of money to risk on one dubious scheme. Of course any sane investor would turn away instantly when he saw the word ethanol, since the whole ethanol "industry" is a fraud from the start. It's solely designed to grab government subsidies. It's parallel to the British banksters who are charged with manipulating the LIBOR. The LIBOR is not a natural part of banking or business; it was invented BY THE BANKSTERS in 1984, solely to make their criminal acts easier to organize. It's a single knob that controls the whole banking system. Since the knob itself is a criminal device, turning the knob "the wrong way" can't be called a crime as such. It's only an unfashionable style of committing the same crime that other banksters commit "the right way."
Polistra was named after the original townsite of Manhattan (the one in Kansas). When I was growing up in Manhattan, I spent a lot of time exploring by foot, bike, and car. I discovered the ruins of an old mill along Wildcat Creek, and decided (inaccurately) that it was the remains of the original site of Polistra. Accurate or not, I've always liked the name, with its echoes of Poland (an under-appreciated friend of freedom) and stars. ==== The title icon is explained here. ==== Switchover: This 2007 entry marks a sharp change in worldview from neocon to pure populist. ===== The long illustrated story of Polistra's Dream is a time-travel fable, attempting to answer the dangerous revision of New Deal history propagated by Amity Shlaes. The Dream has 8 episodes, linked in a chain from the first. This entry explains the Shlaes connection.