Kay Hagan’s family put in what looks like a phony grant that paid for repairs on their own building to benefit another firm they owned and it was all done at the expense of the taxpayer via the Stimulus. Of course it was approved by the Commerce department because the grant said they’d save energy.
It must be mentioned that she voted for the Stimulus bill.
We can’t keep electing corrupt politicians because they are members of the party we like and then expect Washington will change the way they do business.
Kay Hagan is a case in point.
She promoted and voted for the Stimulus bill in 2009, boasting in a press release of the bill’s “promise to change the way things work in Washington” to favor “working families” rather than “special interests.”
Her family then proceeded to financially benefit from the bill using sketchy accounting.
The family even set up a shell company.
Her husband and her two of her brothers-in-law put in for a Stimulus project, with one company leveraging another – they owned both. When the project was completed, the 43% leveraging was unnecessary, producing a savings which the family kept instead of returning the money to the taxpayers.
Was the original cost deliberately overstated?
Also, a company instantly formed by her husband and son benefitted.
The company’s original application stated the total project would cost $438,627, and said JDC would contribute “leveraged funds” amounting to $187,983, or 43 percent of the total. As the project reached completion, however, JDC revised the total budget downward by $114,519 and applied all the savings to its share, keeping all the taxpayer funding.
JDC is owned by Kay Hagan’s husband and his two brothers.
Also, JDC’s decision to hire Solardyne/Green State Power, a separate company co-owned by Chip Hagan and the Hagans’ son Tilden, to install a portion of the stimulus-funded energy project at the JDC building appears to violate a conflict-of-interest provision that was included as part of the original application for the stimulus grant.
The Solardyne/Green State Power company was formed the week they put the grant in.
They saw the perks as they went along no doubt.
The occupant of the building that benefitted from all these repairs was Plastic Revolutions, also owned by the Hagan family.
The grant claimed they would save $100,000 in energy costs, enough to power six homes. The repairs benefitted them and their companies!!!
When my house runs inefficiently, I have to pay for the repairs and the improvements, not the taxpayer.
What a sick joke on the U.S. taxpayer.
This puts a whole new meaning to “conniving”.
Nepotism, cronyism, conflict-of-interest, fraud in the original cost estimate, all need to be considered as this case is reviewed.
In the video, Kay Hagan asks about Stimulus funding: