Exactly just How sophisticated financiers utilized a Maine investment system they devised to wring vast amounts in without risk returns at taxpayer cost. Relevant Headlines
Sometime this the state of Maine will cut two checks worth a total of $2.8 million and mail them to out of state investors year. The following year, it will probably deliver two more checks, well worth $3.2 million, towards the recipients that are same. It shall duplicate that procedure for the following 3 years until approximately $16 million of taxpayer cash was withdrawn from MaineвЂ™s General Fund. This payout of taxpayer dollars through 2019 is going to make whole a consignment their state manufactured in December 2012 to encourage that which was written down touted as being a $40 million investment within the resurgence associated with Great Northern Paper mill in East Millinocket.