Tucson man convicted in fraud scheme ; wind energy project OK ‘ d northwest of …

June 29, 2013 by  
Filed under Green Energy News

TUCSON

Local man convicted of investment fraud

A Tucson man has been convicted in a real estate investment fraud scheme. Federal prosecutors say 42-year-old Dino Sisneros was found guilty on three counts of wire fraud and two counts of transactional money laundering greater than $10,000.

Sisneros was accused of orchestrating a real estate investment fraud between 2006 and 2008. Prosecutors say he received more than $900,000 from investors and used most of their money for his own use including car payments, hotel bills and a ski trip to Colorado.

Sisneros is scheduled to be sentenced Sept. 5 in U.S. District Court in Tucson.

Prosecutors say he faces up a 20-year prison sentence on each count of wire fraud, up to a 10-year term on each count of transactional money laundering and up to $500,000 in fines.

ARIZONA

BP Wind Energy project near Kingman approved

KINGMAN – Interior Secretary Sally Jewell has announced the approval of a wind energy project in northwestern Arizona.

The project about 40 miles northwest of Kingman is expected to provide up to 500 megawatts to the electricity grid. That’s enough energy to power up to 175,000 houses.

It’s also projected to create about 750 jobs through construction and operations.

Proposed by BP Wind Energy North America Inc., the project will erect up to 243 wind turbines on federal lands for the Mohave County Wind Farm.

The Interior Department now has approved 46 wind, solar and geothermal utility-scale projects on public lands since 2009 including associated transmission corridors and infrastructure to connect to established power grids.

When built, officials say the projects could provide enough electricity to power more than 4.4 million homes.

The Associated Press

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