Update: This story has been updated to clarify that AEHI says former CEO Don Gillispie donated his shares of stock in the company and did not sell them.
EAGLE, Idaho (KBOI) - The FBI is asking investors of Alternate Energy Holdings Incorporated to fill out a questionnaire about their investment. We've now learned the company closed down their office in Eagle.
This comes just as the the company says founder and former CEO Donald Gillispie donated all of his stock in the company back on May 17th, mostly to a local church. Gillispie had more than 41 million shares of stock in the company. We went to Gillispie's home to ask him about the transaction, but no one was home. AEHI says Gillispie is no longer an investor with the company. According to AEHI website Gillispie stepped down as CEO for medical reasons last November.
We tried to reach a member of company, but no one was available to talk on camera. A spokesman said they closed the office in Eagle because they are looking for a new space, and working remotely right now. The spokesperson would not comment on Gillispie's stock sale because he is no longer employed with the company.
AEHI said they are still planning to put a nuclear power plant in Payette County, but that has been on hold during an SEC investigation. The matter has been in court for over two years which the company said is hindering their ability to move forward. The company was laying down plans six years ago to build the plant. The SEC stepped in about three years ago to investigate what they called questionable stock sales and funding.
KBOI tried to contact the FBI to ask why they put up the questionnaire, but they did not return our calls. AEHI believes the questionairre is linked to the SEC's investigation.