KIOR and Fake Science

I have written so much on KIOR that my head is spinning.  But I have found a new piece of information that really puts the nail in the coffin of the fake science that Con D Rice, Vinod Khosla, and Aimco brought us.

Two executives listed in the S-1 document of June 22, 2011 resigned very soon after the IPO.

William Coates joined Kior as COO in June 2011 and resigned by September 2011.  Joseph Cappello President International joined in March 2011 and was out the door by October 2011.  These two top level executives probably realized that KIOR was faking their science.  In fact the State of Mississippi is using evidence from Coates that Kior “Cooked The Books” and he was “not going to be part of their scam”.

http://www.washingtontimes.com/news/2015/jan/15/miss-files-fraud-lawsuit-against-khosla-over-kior-/

“The suit also claims that former Chief Operating Officer Bill Coates resigned in 2011 after telling other company officials they had “cooked the books” and informed them he was not “going to be a part of this scam.”

It would not surprise me that Joe Cappello also headed for the door knowing that Khosla et. al. were playing “the wooden chef” and cooking the books.

The June 22, 2011 amended S-1/A does list Con D Rice as a director but states she will join the board in July 2011.  Khosla and his Klan leveraged Con D’s big star status to help prop up the IPO after the billion dollar DOE loan fell through based on the Shaw Report showing that the alchemy was highly risky.  This is directly from the S-1/A

“Condoleezza Rice, Ph.D. , has been elected to our Board of Directors and has agreed to join our Board of Directors beginning July 2011. Secretary Rice has been a professor of political economy in the Stanford Graduate School of Business since September 2010. Secretary Rice has also served as a senior fellow of public policy at the Hoover Institution and a professor of political science at Stanford University since March 2009. Prior to returning to academia, from January 2005 to January 2009, she served as the 77th Secretary of State of the United States. Secretary Rice also served as Chief National Security Advisor to the President from January 2001 to January 2005. Secretary Rice is currently on the board of Makena Capital, a private endowment firm, and C3, an energy software company. She has also served on the boards of directors for the Chevron Corporation, the Charles Schwab Corporation, the Transamerica Corporation and the International Advisory Council of J.P. Morgan. Secretary Rice will provide our Board of Directors with expertise in global business as we pursue our international strategy, and she brings deep experience from her prior roles as a director of multiple public companies, including a large integrated oil company.”