6 Fake Products That Fooled The Entire World

Solyndra – The $535 Million Solar Flop

In 2009, the Obama administration awarded Solyndra, a solar panel manufacturer, a $535 million federal loan guarantee to promote green energy. The company had already shown signs of trouble, but the government pushed ahead anyway. In 2011, Solyndra filed for bankruptcy, leaving taxpayers on the hook for $535 million. Congressional investigators later concluded the company had misled the government about its financial health. Half a billion dollars. Gone.