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Electric car company financier arrested for fraud

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The April 27th Roseburg News-Review reports:

“Electric car company financier arrested for fraud

A California man who negotiated to buy a Roseburg company working to bring an electric car manufacturing plant to Sutherlin turned out to be a con man, law enforcement authorities say.Randall Bert Foshie, 57, was arrested earlier this month by the FBI at his home in Roseville, northeast of Sacramento. He is being held on federal charges of wire and mail fraud.Foshie is accused of carrying out a scheme to defraud investors by asking for up-front “commitment fees” in order to secure loans that Foshie agreed to finance. After collecting the fees, Foshie never made good on providing funding, federal officials said.”

Full story here.

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