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Fraudsters face sentencing in fake green energy venture
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By Georgia Hill
Two men who admitted conspiring to commit mail and wire fraud await sentencing for cheating 22 investors out of more than $2 million from June 2016 to April 2018. Former Pittsburgh resident Jonathan Freeze and Kevin Carney of Euclid, Ohio, have pleaded guilty in federal court in Pittsburgh. Freeze, Carney, and a third defendant, Robert Irey, who died after also pleading guilty, created a business called Alternative Energy Holdings to use investments from their victims to build plants that would convert biodegradable waste into renewable energy, according to the U.S. Department of Justice. According to the department, they promised high rates of returns to prospective investors who made short-term loans. The three defendants assured those investors that they would use all of the loan money for the company.






