FBI raids office of metro Phoenix tech firm

Agents of a federal Financial Crimes Task Force raided the offices of a Valley technology company Tuesday.

The IRS and the FBI served simultaneous search warrants at the Phoenix and Chandler offices of Advanced Green Innovations, a company that describes itself as being "dedicated to developing and commercializing a suite of green technologies."

The FBI said in a news statement that agents were "actively seeking individuals who may have invested" in the company or its subsidiaries.

Advanced Green CEO Ken Losch did not return calls Tuesday seeking comment about the raids.

Advanced Green was formed in 2009. According to its website, the company operates three facilities totaling 131,000 square feet and has 145 full time employees, mostly engineers and technicians "who are working diligently to develop their innovative ideas."

The company's administrative headquarters is on Camelback Road in Phoenix and its research facility is on West Oakland Street in Chandler. The company also lists a second research facility called "the Roosevelt Location," but does not list a specific address.

The company says on its website that its main focus is providing innovative solutions for the: "associated gas solution, the complete natural gas truck conversion kit and the stationary power generation natural gas conversion kit."

The company's site, however, does not specifically describe what it does. It boasts "analytical capabilities" and "development" on its home page, and includes descriptions of equipment without saying how the company uses them.

For instance, the company shows a picture of a "Siemens D5000 X-ray Diffractometer" on the site. It goes on to provide detailed specifications about the equipment, saying: "Because of the 40 position automatic sample changer and a cobalt X-ray tube we are able to characterize the properties of various materials on an atomic scale."

Arizona Corporation Commission records show Advanced Green is a limited liability company registered in Nevada. It lists itself and another LLC called Cochise Investments as its only members.

According to the FBI, Arizona Green's subsidiaries include: ZHRO Solutions, ZHRO Power, H2 Energy, and TDC Injectors. A dedicated e-mail address has been established at agi.invest@ic.fbi.gov for those who have invested or for those who wish to provide any additional information.