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The story LMUD floated was that Frank Cady allegedly advised the LMUD Board to "speculate" in the energy market and lost $8.7 million dollars

Cady and the LMUD President, Louie Templeton conspired to divert attention from this boondoggle with the phony Arrowrock Project. 

With the District Attorney and the Grand Jury looking the other way, this was never investigated.



The phony Arrowrock Hydro project in Idaho was used as a smokescreen to draw attention away from the $8.7 million dollar loss