Company accused of fraud over new reactor project

Alternate Energy Holdings is facing fraud allegations stemming from its efforts to raise funds for a $10 billion nuclear power project in Idaho. The Securities and Exchange Commission charged AEH on Devember 16 with fraudulently raising money from investors across the country and Asia to build a $10 billion nuclear power plant. The accusations mark yet another example of the tumbling house of nuclear cards with almost every new reactor project facing financial or legal difficulties.