The United
States Enrichment Corp., the nuclear enrichment company that has drained
billions of dollars from federal coffers and churned through investors’ money
with a series of failing business plans propped up by extensive political
connections, lobbying and campaign connections, will file for bankruptcy, it
announced Monday.
But that will
not be the end of the Solyndra-like taxpayer-subsidized project detailed in a Washington Examiner series last month: After asking not to have to repay more
than $500 million in debt, it plans to re-borrow hundreds of millions from
elsewhere and move forward, asking investors to place their bets on a
never-before-mentioned $750 million from the Department of Energy that the
company says may be coming.....To Read More....
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