The Powder River Basin power plant promoter reported to a minimum security federal prison in California this week to begin serving an 18-month sentence.
Michael J. Ruffatto
One reporter brought the Two Elk scandal to light and tracked the twisting tale of greed, fraud and government ineptitude for more than a decade.
Two Elk promoter faces five-year term for spending federal grant funds on jewelry, carpets, and his 10-bathroom, $13-million home in suburban Denver.
Hear a reporter’s radio interview on covering the Two Elk project and the promoter’s fraudulent use of federal grant money for personal luxury items.
Few could have imagined the extravagant personal enrichment that federal prosecutors exposed as Two Elk’s Michael J. Ruffatto pleaded guilty to felony fraud.