Feds Give Millions to Company Under SEC Investigation

Feds Give Millions to Company Under SEC Investigation: "Ecotality was awarded $99 million in 2009 and an additional $26 million in October 2011. Since the beginning of the grant period in October 2009 the company reported creating 144 jobs according to Recovery.gov .
That’s right. Despite receiving hundreds of millions of dollars in federal taxpayer dollars, the company has only created 144 jobs in the more than two and a half years since first receiving stimulus funds. Yet, in his 2010 State of the Union address,President Obama praised the company and the head of the company’s subdidary, Don Karner, was First Lady Obama’s guest to the address. At the time of the speech, the company had created fewer than 30 jobs from the funds they had received.  However,  the Obama administration shows further poor judgment in providing the additional $26 million of funding this past October-- when the company was under investigation for insider trading for a year."