Nepotism with Latest Guaranteed Loan; Kanjorski Family Also Rec’d $9Mill Federal Grant in 2002, Chap 7 in 2006

It’s getting deeper:

A Colorado-based solar panel manufacturer for which the nephew of U.S. Rep. Paul E. Kanjorski, D-11, Nanticoke, is vice president of marketing has received a $400 million loan guarantee from the U.S. Department of Energy.

The loan commitment to Abound Solar Manufacturing – announced by President Barack Obama during his July 3 weekly radio address – is to increase solar panel production at an existing plant in Colorado and build a second plant in Indiana that will create more than 1,200 jobs, a company statement said.

Part of the management team of Abound Solar is the Democrat’s nephew, Russell Kanjorski. But a campaign spokesman said the congressman did not have any part in the awarding of the loan commitment.

“His nephew works for the company, but is an executive and has nothing to do with securing federal projects, I don’t believe,” said spokesman Ed Mitchell. “The congressman doesn’t know any of the executives of the company and has had no contact with them.

“The congressman has also had no contact with anyone in the administration to get the (loan commitment), and that’s what it comes down to,” he added.

Russell Kanjorski made headlines, along with his siblings, in 2002 when a company they owned received as much as $9 million in federal grants that their uncle helped obtain.

That company, Plains Twp.-based Cornerstone Technologies, filed for Chapter 7 bankruptcy in 2006. It was created to use state-of-the-art water-jet technology to pulverize materials like aluminum, coal, glass and graphite, the byproduct of which would be transformed into industrial lubricants, electronic packaging and various applications in the military defense field, as reported at the time.
Read more: http://thetimes-tribune.com/news/solar-panel-producer-tied-to-kanjorski-receives-400m-federal-loan-1.885355#ixzz1Y97FdX6n

While Obama WH Tries to Blame Bush for Solyndra Loan, It Appears that Bush Team Had Voted Against the Loans

 

“The results of the Congressional probe shared Tuesday with ABC News show that less than two weeks before President Bush left office, on January 9, 2009, the Energy Department’s credit committee had voted against offering a loan commitment to Solyndra.”

 

http://nation.foxnews.com/solyndra/2011/09/14/bush-admin-voted-against-solyndra-loan