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| May 01, 2012 |
Perrysburg solar firm accused of misusing state funds
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| William Mitchell, the former top executive at Willard & Kelsey Solar Group in Perrysburg, is accusing Michael Cicak, the current CEO and chairman of the firm, of instructing him to use funds from the Ohio Department of Development to pay company executives – a direct violation of the company's loan agreement, The Toledo Blade reports (See the Mar 21, 2012, blog – "New details emerge about Ohio solar company's troubles"). Two of the firm's executives as well as the company's lawyer insist that the state loan funds were used to finance equipment the company had already purchased, the article said. For more, read the full story here. |
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