A Senator's Call for Action: Questioning Tax Credit Deals

A prominent senator is raising eyebrows and asking tough questions.

Ron Wyden, a key figure in the Senate, is not happy. He wants the SEC to take a closer look at a company called White River Energy Corp. Why? Because there are serious doubts about the tax credits they're selling.

The Issue at Hand

The problem is straightforward. Some people believe these tax credits don't actually exist. They're being sold as a way for rich investors to save money on taxes. But if they're not real, that's a big problem. Wyden wants the SEC to step in and possibly revoke the company's registration.

White River Energy Corp. Defends Itself

White River Energy Corp. insists their program is legitimate. However, with a senator like Wyden pushing for an investigation, it's clear that not everyone is convinced. The company has been selling these credits through third-party promoters, adding another layer of complexity to the situation.

Wyden's Persistent Concerns

This isn't the first time Wyden has spoken up about this issue. He's been vocal about his concerns since December 2024. The question now is whether the SEC will take action. If they do, it could have big implications for White River Energy Corp. and the investors involved.