FBI Files - the best FBI stories

The Isabella Stewart Gardner Museum Heist

The California sun beat down on Ray Brewer as he strode across the dusty dairy farm. Cows mooed lazily in the heat,their manure baking in the midday warmth. Ray breathed it all in - the pungent smells conjuring up rosy images of the future. This was where his empire would begin.


"See here," Ray slapped the metal frame of an empty enclosure, "this is where we'll build the first digester. A 15,000 gallon beauty capable of converting 10 tons of manure a day into usable biogas and electricity. At full capacity, she'll churn out enough power for 150 homes!"


The investors nodded, struggling to picture the glossy technology Ray described amidst the mounds of cow dung. But he had them hooked with the numbers - the millions in annual energy savings, the attractive ROIs, the compounding residuals. If Ray said he could spin waste into gold, who were they to argue?


Over succulent steaks that night, Ray expanded on his grand vision - a win-win scenario harnessing cow emissions to create clean energy. The investors would fund the digester construction, owning the rights to sell gas, credits and fertilizer byproducts back to the dairy farms. Ray's company AgriGreen would manage everything in between, with attractive administration fees flowing back to him in perpetuity.


His eyes danced as he described a future of digesters blanketing California's sprawling dairy industry. The investors envisioned it too - clouds of cash raining upon them from the manure-filled skies. Over dessert, they pulled out their checks, investing over $500,000 into the sparkle of Ray's dreams.


But months passed without progress. Ray waved away concerns with practiced nonchalance - supply chain delays and permitting paperwork that was taking longer than expected. The stories and excuses flowed freely. But the digesters did not materialize.


Suspicion smoldered as investors demanded proof of construction progress. In response, a slick brochure arrived in their mailboxes. Glossy photos showed concrete slabs and digester parts at various stages of completion. Ray walked them proudly through each image over the phone. See the rebar sticking out ready for concrete pouring? And there's the 15,000 gallon tank arriving on site!


Appeased with scenes consistent with Ray's tales, the investors rested easier. But some still drove out periodically to see the digesters first hand. Ray would meet them by the empty slab and point far across the dairy fields.


"Over there is where the big one is going up. But let me show you the 8000 gallon backup digester here close by!" He would take them to a shipping container, obscuring the view inside with technical jargon about mixing chambers and flow valves. Dazzled, investors left pumped about the infrastructure brewing.


But both digesters existed only in Ray's head, where his imagination churned faster than any methane conversion system. The money was propelling grander visions - a custom-built mansion, paid for in cash under his wife's name. New trucks and an impressive plot of land materialized as reward for his clever stories.


Years passed, the lies compounding. Ray had a knack for telling investors what they wanted to hear. He kept them satiated with charts showing attractive payout schedules just over the horizon. He spent over a million on advertising to attract new investors, using their money to pay out residuals to old ones.


The churning money cyclone powered greater heights of wealth and deception. Ray purchased entire dairy farms just to keep up the appearances of productivity. He took investors on tours of empty barns where their millions were supposedly churning out energy empires. They saw what they wanted to amidst the utter emptiness.


But empires built on lies contain the seeds of their own demise. Questions compounded,...