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Most advisers at the Perrysburg aggregation accept been laid off.

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The admiral of Willard & Kelsey Solar Group, a disturbing solar-panel manufacturer, began lending themselves aggregation funds the aforementioned day the close accustomed $5 actor from a accumulation of Italian investors, centralized banking annal show.

Michael Cicak, Willard & Kelsey’s administrator of the lath and arch controlling officer, accustomed a $40,000 accommodation that day. Mossie Murphy, arch banking administrator at the time, accustomed a $30,000 loan.

The loans to bristles aggregation admiral totaled added than $500,000 from August to October, 2008, annal show. In addition, the top bristles admiral additionally accustomed payments of about $1 actor from November, 2008, through March, 2009.

The banking annal acquired by The Blade account Willard & Kelsey’s spending in its aboriginal canicule were maintained by William Mitchell, above Willard & Kelsey CEO.

He died at age 61 in July, 2011, of complications stemming from an illness.

The backward William Mitchell, above CEO, maintained annal of transactions.

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An email from the firm’s attorneys Friday declared that Mr. Mitchell “had been concluded as an administrator and agent of Willard & Kelsey Solar Accumulation for cause.”

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CEO Michael Cicak accustomed a $40,000 accommodation the day investors gave the close $5 million.

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The banking annal acquired by The Blade abundant Willard & Kelsey’s spending afore it accustomed its aboriginal annular of accompaniment money in March, 2009.

Lee Fisher, a above accompaniment lending official, says controlling pay was not allotment of discussions.


To date, the aggregation has accustomed a $5 actor accommodation and a $500,000 admission from the Ohio Department of Development and a $5 actor accommodation from the Ohio Air Quality Development Authority.

The accompaniment adeptness accept denied Willard & Kelsey allotment if it knew about the company’s payments to its admiral in 2008, said above Ohio Lt. Gov. Lee Fisher, who led the Department of Development from 2007 until February, 2009.

“This is the aboriginal time I’ve heard about this,” he said. “That would accept aloft austere apropos in my eyes. There’s no catechism if I had accepted that information, I would accept had our agents do an anytime added dive.”

Generally, the accompaniment doesn’t ask about controlling advantage aback it’s vetting accommodation and admission candidates, Mr. Fisher said.

Willard & Kelsey has been bedeviled with assembly delays and banking issues aback it confused into its Perrysburg address in 2008. It laid off best of its advisers in January. Accompaniment abstracts announce the aggregation had about 72 advisers in April, 2011.

The company’s 262,000- square-foot adeptness was toured by high-profile Democrats including Carnality Admiral Joe Biden and above Ohio Gov. Ted Strickland in 2009 and U.S. Secretary of Labor Hilda Solis aftermost year — all touting the close as a able alternative-energy aggregation of the future.

The Italian investors who provided the antecedent $5 actor start-up funds did not acknowledge to emails gluttonous comment.

Mr. Murphy, who now is Willard & Kelsey’s carnality admiral of development, said the aggregation never aished accompaniment funds and consistently complied with accompaniment law. He said clandestine allotment is acclimated at the acumen of the company’s executives.

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Mr. Murphy beneath to animadversion on how the Italian beforehand money was spent, citation a acknowledged acceding amid the close and its investors.

“There is acutely a acumen amid accompaniment funds and clandestine funds,” he said. “Our clandestine funding, I can say, exponentially is many, abounding times the accompaniment funding. As a clandestine company, it would be adequately archetypal of a clandestine aggregation to use its own clandestine funds as it sees fit in the accustomed beforehand of things.”

Flow of money

In March, 2009, Willard & Kelsey accustomed its aboriginal $500,000 admission from the state.

Records appearance that the aggregation spent added than $20,000 to buy Detroit Tigers tickets, pay for Pittsburgh antic events, and acquirement airline tickets for ancestors associates of admiral from May through August of that year.

Company banking annal additionally appearance in 2009, the close spent $3,081 at Arhaus, a appliance store, and paid $2,112 to Global Banknote Access, which provides automated teller machines to casinos.

Mr. Murphy, who spent $1,644 on a aggregation acclaim agenda to buy even tickets for his family, said he reimbursed the aggregation anon thereafter. He beneath to animadversion on added costs on his aggregation acclaim card, including $508 spent at a Pittsburgh Penguins accident and $3,601 listed beneath “Pittsburgh Steelers.”

He said the aggregation spent its clandestine funds on controlling expenditures and didn’t use accompaniment money.

“It wasn’t like I took accompaniment money and bought even tickets with it,” he said.

Mr. Cicak, the company’s CEO, said he did not ambition to allege with The Blade and afraid up on a anchorman during a buzz alarm Wednesday. He additionally did not acknowledge to a consecutive email account accumulated expenditures and controlling payouts, but the aggregation on Friday appear a account through its lawyer, Marvin A. Robon.

“Willard & Kelsey Solar Accumulation affably states that the accompaniment programmed $5.5 actor for the acquirement and accession of the development finishing line, and any funds acclimated for any purpose added than the acquirement and accession of the development band were aggregation funds and NO accompaniment monies were acclimated for that purpose.”

The account additionally addressed credit-card purchases: “In both accessible and clandestine companies, abounding times a aggregation acclaim agenda is activated for purchases that may or may not be acceptable aggregation expenses. Any claimed costs answerable to a aggregation acclaim agenda were reimbursed by the individual.”

Gary Faykosh, listed as the arch operating officer, and James Heider, listed as the arch abstruse officer, did not acknowledgment calls.

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Jim Appold, listed as the company’s president, beneath to comment.

What is clear, based on a aggregation address anachronous Sept. 22, 2009, amid Mr. Mitchell’s annal is that Willard & Kelsey was struggling.

In 2009, the year afterwards the aggregation lent or paid added than $1.4 actor to executives, the address declared the firm’s goals were to install the aboriginal solar-panel assembly band and “to become acquirement positive.”

Vetting firms

State officials, accomplished and present, said they were blind of the loans and payments to executives. The admiral didn’t ask about controlling advantage aback they were because loans and grants to the firm.

It’s usually not a allotment of the conversation, said Daryl Hennessy, abettor arch of the business casework analysis at the Department of Development.

When vetting a accommodation candidate, accompaniment admiral analysis three years of banking data, a antithesis sheet, an assets statement, and a acclaim history, Mr. Hennessy said. Additionally, the accompaniment about requests a business plan and a three-year anticipation from clandestine companies, he added.

The antecedent controlling accommodation payouts at Willard & Kelsey were not abundant in banking letters beatific to the accompaniment in October, 2008.

The accompaniment would accept apparent the company’s controlling advantage if it requested added specific, itemized documents, such as coffer and acclaim agenda transactions. Those forms were not amid the abstracts requested by the state, annal show.

“I would candidly say it is not a accustomed affair for altercation aback we are talking to a aggregation what the CEO is paid or addition chief executive,” said Mr. Fisher, who led the Department of Development aback the accompaniment accustomed loans and grants to Willard & Kelsey. “Part of that is because the accompaniment money is to never be acclimated for compensation.”

After Republican Gov. John Kasich took appointment in January, 2011, the activity of application accompaniment loans was streamlined, said John Minor, accepted administrator of banking services, agribusiness, and aliment processing at JobsOhio, created to advice adviser the beforehand of accompaniment accommodation recipients.

A acknowledgment on beforehand is now allotment of the factors acclimated to analyze an optimal accommodation candidate, Mr. Minor said. Analysis committees additionally attending over applications to actuate if a aggregation is a acceptable fit to accept accompaniment funding.

Although the activity was adapted and JobsOhio was established, the accompaniment still does not crave coffer or credit-card annal aback it screens candidates.

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State support

In 2008, the accompaniment had banknote on duke for clean-energy companies, and it was accommodating to aback Willard & Kelsey’s operations. Ohio leaders — namely Mr. Fisher and Mr. Strickland — angrily accurate the apprentice solar industry.

An April, 2008, letter to Willard & Kelsey declared that the administering “is renewing the state’s charge to beforehand activity by apace ramping efforts to animate next-generation activity production, including ethanol, apple-pie coal, wind, and solar.”

That abrupt activity included a $9.6 actor alms of accompaniment funds for Willard & Kelsey.

A handwritten agenda in that aforementioned letter from Mr. Fisher said: “We are actual admiring to accomplice with you on this actual important investment. Your activity is a aerial antecedence to Governor Strickland and me! Thanks.”

“My best bond is they were one of abounding companies that came to us and asked for abutment in barter for job conception and expansion,” Mr. Fisher said. “Honestly, I did accept conversations with the CEO, but I can’t candidly specify what they were. Generally, my conversations with CEOs focused on job creation.”

Willard & Kelsey was to actualize 400 jobs by March of this year as allotment of its accommodation acceding with the Department of Development. Aggregation admiral such as Mr. Cicak ahead accept corrective a admirable account of Willard & Kelsey’s approaching that included conception of bags of jobs and millions of dollars account of solar contracts.

Willard & Kelsey produces cadmium telluride thin-film solar panels, which usually are beneath big-ticket than added models. Its admiral accept accustomed the activity as cutting-edge.

Despite that, the aggregation has struggled to actualize jobs and access contracts.

Risky proposition

Even afore the aggregation accustomed a cent from the state, Ohio admiral knew there was a accident the aggregation could not sustain its operations.

A address submitted by Willard & Kelsey to the accompaniment in October, 2008, gluttonous accompaniment assistance, states: “The aggregation has no revenues, is in the adorning stage, and, at August 31, 2008, has an accumulated deficit. These factors accession abundant agnosticism about the company’s adeptness to arise operations and abide as a activity concern.”

The address did not acknowledgment that the close had lent its admiral added than $500,000 in the antecedent three months.

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And afterwards accompaniment admiral knew banking problems were brewing at Willard & Kelsey as aboriginal as 2009, they connected to accept requests to adjourn accommodation repayments and extend banking address deadlines.

Repayments of the accompaniment loans either accept been bargain or are in the activity of actuality renegotiated. Willard & Kelsey began advantageous its Ohio Air Quality Development Authority accommodation on Jan. 25, 2011, and has paid $142,191 as of March 1.

Repayment of the Department of Development accommodation has been bargain from $109,517 to $7,673, which is absorption on the loan. It is cryptic how generally those payments are to be made.

If the aggregation fails to actualize the jobs its promised, absorption on its accommodation payments could access up to 10 percent.

The Department of Development based its antecedent assessments of the solar-panel manufacturer’s achievement on alternate letters appropriate beneath the company’s accommodation agreements and two visits with aggregation executives. It is cat-and-mouse for a address from the company, due May 1, to actuate whether it met the acceding of its Department of Development accommodation agreement.

A cat-and-mouse game

Department of Development admiral said they’re not able to animadversion on the company’s beforehand until they’ve advised the May 1 report.

While the accompaniment waits to appraise how the aggregation is doing, businesses owed money by Willard & Kelsey accept appear advanced and are ambitious payment.

Roger Thomas, admiral of T&S Tool & Supply Co., said his Holland-based business took Willard & Kelsey to baby claims cloister in Sylvania because T&S hadn’t been paid the $1,500 it was owed.

According to cloister records, Willard & Kelsey did not appearance up to challenge the claim, and Mr. Thomas said he’s accustomed acquittal from the company.

Vern Risser, arch of Daystar Inc., in Las Cruces, N.M., said Willard & Kelsey owes his aggregation about $17,000 and hasn’t responded to any of his attempts to aggregate payment.

Daystar builds accessories for solar-panel manufacturers.

“Right now, I can’t get accomplished their automated [phone] system,” he said. “I accept not been able to get through to anyone. It is absolutely a aching bearings for a baby company. It’s absolutely difficult aback they bead out like that.”

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Despite the cogent banking issues adverse the company, Mr. Murphy said Willard & Kelsey hopes to be operational by fall. He said the accompaniment allotment the aggregation accustomed was needed, abnormally in the agitated economy.

“The actuality that we abide to action the acceptable action and abide to persevere with the absorbed of befitting this business anchored actuality is positive,” Mr. Murphy said. “Candidly, we could accept taken the accessible way out … paid off our accompaniment loans and absolved abroad from the company, and we acutely did not let that happen.

“We appearance the accompaniment money as sacred, and the accompaniment loans we absolutely intend to pay, and the job conception goals we intend to meet,” he said.

Contact Kris Turner at: [email protected] or 419-724-6103.

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