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Bankruptcy irks manure firm investors


February 1, 2011
By Pacific Coast Business Times

February 1, 2011, Santa
Barbara, CA – The man convicted in a political corruption scandal that made
headlines in the 1980s has filed for bankruptcy amid claims that his
manure-to-energy venture is nothing more than hot air.

February 1, 2011, Santa
Barbara, CA – The man convicted in a political corruption scandal that made
headlines in the 1980s has filed for bankruptcy amid claims that his
manure-to-energy venture is nothing more than hot air.

W. Patrick Moriarty, 79,
filed for Chapter 7 bankruptcy protection in federal court in Santa Barbara. He
was involved in a business called Chino Organic Power and raised millions on
its behalf. But the methane-from-manure venture has failed to deliver on its
promises, leaving behind a trail of debts.

Click here to read more.


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