A Chinese billionaire is teaming up with the most powerful man in the U.S. Senate to build a solar plant in a dusty corner of Nevada, even as officials accuse China of driving energy companies out of business by dumping cheap components on the American market.
ENN Group (ENNGZ) plans a manufacturing and generating facility worth $5 billion, more than all Chinese investment in the U.S. combined last year, in Laughlin, Nevada, a town pockmarked with foreclosed properties and the skeleton of a 14-story resort abandoned when the project went bankrupt.
Company founder Wang Yusuo, one of China’s richest men, has joined with Senate Majority Leader Harry Reid to win incentives including land 113 miles (182 kilometers) southeast of Las Vegas that ENN is buying for $4.5 million, or less than one-eighth of the $38.6 million assessors say it is worth. The project has produced legal work for Reid’s son, Rory, a lawyer at a Las Vegas firm that gave the Nevada Democrat more than $40,000 in the past three election cycles.
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Quote: “The project has produced legal work for Reid’s son, Rory, a lawyer at a Las Vegas firm that gave the Nevada Democrat more than $40,000 in the past three election cycles.”
Now what was that expression? Doing well while fleecing suckers?
Harry ‘slimeball’ Reid. Spent his entire life in so-called public service and became a millionaire at the sametime. More like a lifetime serving himself. Nothing to see here folks, move along. Really? You can’t make this $hit up. Obama and the Democrats, a bonafide ‘culture of corruption’. If Romney wins in November he needs to hire Sheriff Joe as his AG and really put the fear of the Lord into corrupt politicians wherever they be found. No quarter. If there aren’t enough available cells then build a new prison and they will come (involuntarily).