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Another Obama Solar Company Burns Out DC Solar Owners Plead Guilty to Largest Ponzi Scheme in Eastern California History
https://www.thegatewaypundit.com ^ | January 26, 2020 | Joe Hoft

Posted on 01/26/2020 11:55:45 PM PST by Enterprise

"The owners of DC Solar, a Benicia-based company, pleaded guilty today to charges related to a billion dollar Ponzi scheme— the biggest criminal fraud scheme in the history of the Eastern District of California. The government’s investigation has resulted in the largest criminal forfeiture in the history of the District with over $120 million in assets forfeited that will go to victims, and has returned $500 million to the United States Treasury, with more to come, U.S. Attorney McGregor W. Scott announced.

Jeff Carpoff, 49, of Martinez, pleaded guilty today to conspiracy to commit wire fraud and money laundering. His wife, Paulette Carpoff, 46, pleaded guilty today to conspiracy to commit an offense against the United States and money laundering. According to court documents, between 2011 and 2018, DC Solar manufactured mobile solar generator units (MSG), solar generators that were mounted on trailers that were promoted as able to provide emergency power to cellphone towers and lighting at sporting events. A significant incentive for investors were generous federal tax credits due to the solar nature of the MSGs.

The conspirators pulled off their scheme by selling solar generators that did not exist to investors, making it appear that solar generators existed in locations that they did not, creating false financial statements, and obtaining false lease contracts, among other efforts to conceal the fraud. In reality, at least half of the approximately 17,000 solar generators claimed to have been manufactured by DC Solar did not exist."

(Excerpt) Read more at thegatewaypundit.com ...


TOPICS: Miscellaneous
KEYWORDS: bam; benicia; boom; california; crime; dc; dcsolar; fraud; gaywayplungeit; globalwarming; globalwarminghoax; jeffcarpoff; mcgregorwscott; moneylaundering; obama; obamafails; obamasolar; paulettecarpoff; ponzischeme; russianpropaganda; solar; solyndra; theft; victims
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Minor point here. I wouldn't label Benicia as being in the Eastern part of California. It is in Northern California by Vallejo. Otherwise, the posters at the site are asking the right questions. Which Democrat politicians benefited from this?
1 posted on 01/26/2020 11:55:45 PM PST by Enterprise
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To: Enterprise

government grants are the perfect money laundering scheme.


2 posted on 01/27/2020 12:12:23 AM PST by LukeL
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To: Enterprise

L8r


3 posted on 01/27/2020 12:12:30 AM PST by preacher ( Journalism no longer reports news, they use news to shape our society.)
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To: Enterprise
I wouldn't label Benicia as being in the Eastern part of California.

It's in the Eastern District of California, a judicial district.


4 posted on 01/27/2020 12:13:24 AM PST by TChad (The MSM, having nuked its own credibility, is now bombing the rubble.)
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To: TChad

I know where Benicia is, having visited there many times. It’s the HEADLINE which describes it as being in Eastern California. Then later the article puts it in the Eastern District of California.


5 posted on 01/27/2020 12:16:49 AM PST by Enterprise
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To: TChad

I see this website is located in the Eastern District of California as well.


6 posted on 01/27/2020 2:30:18 AM PST by xp38
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To: Enterprise
Trump: Are you tired of winning yet?

Odumbo: Are you tired of losing yet?

7 posted on 01/27/2020 2:38:21 AM PST by KevinB ("Ignorance more frequently begets confidence than does knowledge." - Charles Darwin)
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Those solar farms and windmill farms blighting the entire state of California should be considered a crime against the planet


8 posted on 01/27/2020 2:48:26 AM PST by dsrtsage (Complexity is merely simplicity lacking imagination)
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To: Enterprise

Did they use Solyndra panels for the phantom systems?


9 posted on 01/27/2020 3:46:04 AM PST by sasquatch
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To: Enterprise

California and Ponzi is synonymous


10 posted on 01/27/2020 4:30:37 AM PST by JudgemAll (Democrats Fed. job-security in hatse:hypocrites must be gay like us or be tested/crucified)
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To: Enterprise
Which Democrat politicians benefited from this? Posting HTML

*****

Barack Hussein Obama and his vice-president, Joe Biden for starters.

11 posted on 01/27/2020 4:52:29 AM PST by ealgeone
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To: Enterprise

Another point. Was this company granted or loaned money from the original Obama stimulus program? If not, then the headline is not accurate. A general tax credit to promote green initiatives is no different than a tax credit to buy old cars or any similar policy objective.

If they didn’t get money from the Obama stimulus package then this is ENTIRELY on the perpetrators, not Obama. Did anyone check to see if there was campaign money donated by this company or couple that was out of the normal limits?


12 posted on 01/27/2020 5:44:05 AM PST by LRoggy (Peter's Son's Business)
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To: Enterprise

Carpoff made a big mistake. He should have filed as a candidate for President, then he would have been immune to prosecution. He clearly wasn’t in the Obama inner circle.


13 posted on 01/27/2020 5:59:28 AM PST by centurion316 (.)
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To: Enterprise

Sort of what happened in WA with a power scheme where the gov’t enticed people to invest then pulled the plan,kept the money.


14 posted on 01/27/2020 6:29:39 AM PST by SkyDancer ( ~ Just Consider Me A Random Fact Generator ~ Eat Sleep Fly Repeat ~)
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To: Enterprise

15 posted on 01/27/2020 6:37:13 AM PST by Red Badger (Against stupidity the gods themselves contend in vain.......... ..)
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To: KevinB

Shouldn’t that be reversed?...............


16 posted on 01/27/2020 6:38:14 AM PST by Red Badger (Against stupidity the gods themselves contend in vain.......... ..)
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To: Enterprise

Jeff Carpoff found out the hard way you have to pay of the right people in California or things go very bad fast.


17 posted on 01/27/2020 8:04:09 AM PST by Vaduz (women and children to be impacIQ of chimpsted the most.)
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To: LukeL

Lots of money laundering schemes are coming to light now.

Who was in charge then? Obama and Biden.

Where are the indictments?

yes I know, like waiting for the Great Pumpkin.


18 posted on 01/27/2020 8:08:47 AM PST by Texas resident (Democrats=Enemy of People of The United States of America)
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To: AdmSmith; AnonymousConservative; Arthur Wildfire! March; Berosus; Bockscar; cardinal4; ColdOne; ...
"...The conspirators pulled off their scheme by selling solar generators that did not exist to investors, making it appear that solar generators existed in locations that they did not, creating false financial statements, and obtaining false lease contracts, among other efforts to conceal the fraud. In reality, at least half of the approximately 17,000 solar generators claimed to have been manufactured by DC Solar did not exist."
$500 million from the gubmint, for 17,000 solar generators? Over $29K each? What the... kind of generators were these? I mean, besides imaginary? Total sidebar:
Thunderf00t at Solar Roadways!

Thunderf00t at Solar Roadways!
(more about this whackadoodle boondoggle at EEVblog #935 and #1047)

19 posted on 01/27/2020 9:08:09 AM PST by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: SunkenCiv

The whole ‘global warming’ thing is a scam.


20 posted on 01/27/2020 9:54:27 AM PST by GOPJ (Will MSNBC bimbos go moist talking to Lev Parnas like they did talking to Michael Avenatti?)
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