Sarah Palin Adversary Andrew Halcro Reveals The Possible Bombshell That Has Been Dropped On Palin's Dairygate Pals

By Kathleen

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Andrew Halcro last week promised to drop an FBI fraud investigation bombshell on Sarah Palin's Dairygate cronies. If the rumours of an FBI investigation are true then this will be very welcome news to those good people whose names and business reputations were sullied by Palin and her administration in the months leading up to the state bailout of the then Matanuska Maid Dairy. Good people such as Joe Van Treek who was the CEO of Matanuska Maid. 

Today on his blog Halcro writes: 

November 19, 2012: The Palin era dairy bailout seemed like such a bad idea back in 2007. Bailing out an industry that couldn't stand on it's own two feet. Appointing unqualified cronies to key positions and then allowing them to give away state agriculture loans without guarantees or proper collatteral. But today, rumors are abound that the FBI has come knocking.

Several of my long time confidential sources stated last week that the Federal Bureau of Investigation is knee deep in trying to unwind some of the financial activity surrounding the use of federal government grants awarded to the Matanuska Creamery.

"Something is going on with an FBI investigation regarding the federal grant funds.  The FBI has been contacting folks about checks they were given with cash back," read an email I received from one long time dairy source.

"It appears the FBI Investigation is focused on one of the major shareholders," a follow up email read from yet another agriculture insider.

If these allegations are true then it is very possible that an investigation will reveal far more than the initial claims. In his in-depth report Halcro describes exactly how public money has been thrown at the dairy industry despite the fact that repeated loans have not been paid back. He points out that equipment which has never been paid for is nevertheless being sold off in order to help pay back some of those very loans. 

The issues surrounding Dairygate are complicated but Halcro's report goes a long way to unravel some of the issues surrounding the controversy. 

Read his extensive report here. 

Readers wishing to learn more about Dairygate may like to read the comprehensive post written by Regina at Palingates in March 2010.