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Wrong Michael Ruffatto?

Michael J. Ruffatto

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I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Community Edition at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

Background Information

Employment History

Gillette


Stanford Air Force ROTC


President

Two Elk's


President

North American Power Group , Ltd.


Affiliations

The Coal Association of Canada

Delegate


Tri-Gen Resources

Founder


Western Electricity Coordinating Council

Board of Trustees Member


Education

University of South Carolina


Web References(89 Total References)


Two Elk | WyoFile

www.wyofile.com [cached]

A Judge in Pittsburgh is set to sentence Michael Ruffatto on Tuesday for a massive criminal fraud associated with his failed Two Elk power plant.
Few could have imagined the extravagant personal enrichment that federal prosecutors exposed as Two Elk's Michael J. Ruffatto pleaded guilty to felony fraud. Two Elk developer Michael J. Ruffatto pleaded guilty to criminal fraud Friday in a case federal prosecutors said involved falsely billing millions of dollars to a Department of Energy stimulus project at the Two Elk site near Gillette, monies that ... Federal prosecutors have charged Michael J. Ruffatto, developer of the once-proposed Two Elk coal-fired power plant near Gillette, with criminal fraud for bills he submitted under a 2009-2010 federal stimulus grant to research carbon storage on his site in rural ...


energy | WyoFile

www.wyofile.com [cached]

Few could have imagined the extravagant personal enrichment that federal prosecutors exposed as Two Elk's Michael J. Ruffatto pleaded guilty to felony fraud.
Two Elk developer Michael J. Ruffatto pleaded guilty to criminal fraud Friday in a case federal prosecutors said involved falsely billing millions of dollars to a Department of Energy stimulus project at the Two Elk site near Gillette, monies that ... Federal prosecutors have charged Michael J. Ruffatto, developer of the once-proposed Two Elk coal-fired power plant near Gillette, with criminal fraud for bills he submitted under a 2009-2010 federal stimulus grant to research carbon storage on his site in rural ...


Project Vote Smart - Speeches and Public Statements for Governor Freudenthal

www.vote-smart.org [cached]

Letter to Michael J. Ruffatto, President, North American Power Group, Ltd. For Two Elk Power Company


Governor undecided on tax-exempt bonds for Two Elk

www.casperstartribune.net [cached]

A late-December letter to Freudenthal from Michael Ruffatto, president of Two Elk Generation Partners, did not meet the requirements, according to Freudenthal spokeswoman Lara Azar.In his letter to the governor, Ruffatto said he hoped to start construction in May and wrap up in late 2007 or early 2008.


Attorneys seek leniency for Ruffatto in Two Elk fraud case | WyoFile

www.wyofile.com [cached]

The conservation group Oceana posted this picture of Michael Ruffatto and wife Eve, receiving the Ocean Champions award from actor Ted Danson, in a gallery of the star-studded Sea Change gala in Laguna Beach, California.
Ten days after the award on July 30, 2016, federal prosecutors in Pittsburgh charged Ruffatto with criminal fraud. (Oceana) Attorneys for Wyoming's Two Elk power plant promoter Michael J. Ruffatto have asked a federal court to consider his advanced age, poor health, family responsibilities and community service when weighing a possible five-year prison sentence for criminal fraud. Meanwhile, federal prosecutors said this week that they were in "ongoing discussions" with Ruffatto and his attorneys to reach a settlement on millions of dollars in civil penalties under the U.S. False Claims Act. Michael J. Ruffatto's ambitious plans for energy projects expected to create jobs near Gillette first encouraged and then disappointed local residents when they were never built. Prosecutors say Ruffatto fraudulently obtained millions of dollars which he "spent and dissipated ...on extravagant personal expenses" including his multi-million-dollar house. (Zillow) Ruffatto, 70, pleaded guilty Oct. 21 in Pittsburgh federal court to one count of fraud in what prosecutors said involved $5.7 million in false charges to a federal stimulus grant. The grant was supposed to create new jobs researching the underground carbon dioxide storage potential at his Two Elk power plant site south of Gillette, Wyoming. "Mr. Ruffatto regrets his actions and accepts responsibility for this crime and the damage he has caused," defense attorney Jason Schall wrote in a January court filing. Prosecutors said that instead of using the $9.9 million in federal grant money to conduct research and generate employment under the Obama administration 2009 economic stimulus program, Ruffatto spent most of it on personal expenses and luxury purchases, including a Mercedes car, jewelry, carpets, a Neiman-Marcus charge account and payments on his 11,433-square-foot, six-bedroom, 10-bathroom, $13-million home in suburban Denver. Ruffatto also used the stimulus funds in 2010-11 to pay himself and his North American Power Group Vice President Brad Enzi - son of Wyoming's senior U.S. Sen. Brad Enzi has not been charged in the case and because Ruffatto pleaded guilty did not have to testify in federal court. Ruffatto faces a maximum five years in prison, a $250,000 fine, and full restitution of the $5.7 million. Read reporter Tempest's complete Two Elk Saga here In recent federal court filings Ruffatto's attorneys have asked that Ruffatto not be imprisoned because of his sincere remorse, age, poor health, family commitments, and his ongoing efforts to repay the full $5.7 million the government says he used for extravagant personal expenses. "At 70 years old," defense attorney Schall argued in his January sentencing memo, "Mr. Ruffatto is nearing the end of his life and any period of incarceration may well be a life sentence. " Mr. Ruffatto's advanced age becomes particularly pertinent when considering his numerous medical conditions, including coronary heart disease, hypertension, high cholesterol, type 2 diabetes, obesity, and hypothyroidism, all of which will undoubtedly make incarcerating Mr. Ruffatto unduly burdensome on both the Bureau of Prisons and Mr. Ruffatto." According to court records, Ruffatto made a $700,000 payment to the government in January, adding to the $3 million he had previously returned. However, he still owes $2,019,821.92 in restitution. In his scramble to come up with this money before April 6 sentencing, Ruffatto has put his Colorado home up for sale as well as his half interest in four aging California power plants. Ruffatto faces additional damage payments But prosecutors say he still faces the possibility of up to $17.1 million in additional damages under the federal False Claims Act. "We are not finished yet," assistant U.S. Attorney Paul Skirtich, a specialist in False Claims Act prosecutions, said after Ruffatto pleaded guilty to the criminal fraud charge in October. In the end, Ruffatto may avoid spending time in prison but could be obligated to pay the government double or triple - $11.4 million to $17.1 million - damages to avoid a civil trial. Even before his involvement in the federal stimulus program, Ruffatto had a long history of tapping into local, state and federal monies to support his various unrealized Two Elk power plant schemes in Campbell County. In his federal court appeal for leniency at time of sentencing, attorney Schall characterized Ruffatto as a military veteran and "successful businessman with a long and stable work history." "Despite his material success," Schall wrote of Ruffatto, "he continued to devote much of his time in his 50-year career to serving others." Even after the federal criminal charge was filed against him Ruffatto and his socialite second wife, Eve Kornyei Ruffatto, have remained active in several Orange County, California charity causes, including serving as patrons of the Segerstrom Center for Performing Arts and the marine environmental group, Oceana. Oceana's photo gallery of actors and supporters included this image of Michael and Eve Ruffatto holding their Oceana award at the Sea Change gala at the Villa di Sogni in Laguna Beach, California.


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