" BERLIN Alex Pietrangelo Jersey , Sept. 6 (Xinhua) -- Public prosecutors in the Germancity of Luebeck have closed their investigation into Prokon-founderCarsten Rodbertus for fraud and embezzlement on Wednesday.
The public persecution office reached the conclusion that thecontroversial wind energy company did not amount to a pyramidscheme, a spokesperson confirmed.
Although Prokon only generated at best half of the returns withwhich it had originally lured investors, the wind parks could stillbe considered to offer long-term yields.
The decision comes more than three years after the insolvency ofProkon in May 2014. At that point Paul Stastny Jersey , the company had convinced 75,000investors to purchase profit participation rights worth 1.4 billioneuros (1.67 billion U.S. dollars) in total.
Prokon has been run as a cooperative with almost 40,000 memberssince officially being declared bankrupt.
However Dmitrij Jaskin Jersey , the spokesperson also noted that judicial proceedingswere still underway against three former Prokon directors. Thepublic prosecutor's office was unable to provide furtherinformation due to its classified nature.
Rodbertus refused to comment on the development and ongoinginvestigations into the company he founded.
Prokon currently operates 340 wind power plants in Germany andPoland with a capacity of 600 Megawatt, supplying roughly 30,000households with energy in the region. Recent figures indicatedgross annual revenue below 100 million euros (119 million dollars).Enditem
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