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GDS International Investigates the Renewable Scam

A car that can run on only tap water?...

A car that can run on only tap water?...

Clean energy, green energy, whatever you like to call it, be careful that you do not get taken in by a renewable scam. Today, everyone is looking to save money and improve the earth's environment at the same time. Falling victim to a renewable scam may leave you with far less money in your bank account than you now have; in fact, you could become the victim of identity theft.

The rush to invest in green energy alternatives is a perfect opportunity for con artists to earn a few bucks through a renewable scam. All over the United States, fraudulent individuals are coming up with supposed "alternative" energy solutions. Just recently, a renewable scam surfaced in Missouri when investors poured over $100,000 in to a start up company making claims that a car they were in the midst of producing would run on pure tap water. The company was shut down and investors were lucky this time; they got their money back.

The solar industry is another area of "green" energy where consumers are likely to become the victim of a renewable scam. An 82 year old San Diego, California woman had a solar power system installed on her roof, and paid the company $40,000 for the work. The woman had the project done because an ad in the paper stated that the government would issue a 100% rebate on the solar power system, which of course she did not receive. In this instance, she paid $40,000 for what turned out to be a $20,000 system - and the renewable scam surfaced when the company forged the woman's name in an effort to get the promised rebate for themselves.

Most individuals really have good intentions when looking for renewable energy sources. Whether it is oil, gas or alternative heating and cooling sources, people should beware that there are crooked people just waiting to implement a renewable scam that will pocket them a bundle of money.

Another example of how gullible people can be occurred when Patrick T. Kelly began a company that claimed to have invented an amazing technology involving a battery generator that would offer power to a household for 20 years using the amount of water that would fill a bathtub. This renewable scam pulled in many investors who were convinced that this was the real deal; Mr. Kelly was later charged with fraud.

In recent years, alternative energy has become a popular place to invest your money, but always be on the lookout for a renewable scam; it is a challenge to determine which investments are legitimate and which are scams, to say the least. Many people have lost huge sums of money by investing in these scams; unfortunately, most people take the "it won't happen to me" approach, which puts them at risk for becoming a victim of a renewable scam.

Whether it is solar panels, windmill-driven energy, alternative fuel sources for cars or anything else termed "green" or "alternative energy" in today's society, consumers are urged to do their due diligence and research before investing. It just may save you from being the next victim of a renewable scam.

Click here to check out other GDS International scam articles.

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