Skip to comments.Another Obama Solar Company Burns Out – DC Solar Owners Plead Guilty to Largest Ponzi Scheme in Eastern California History
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 governments 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 ...
government grants are the perfect money laundering scheme.
It's in the Eastern District of California, a judicial district.
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.
I see this website is located in the Eastern District of California as well.
Odumbo: Are you tired of losing yet?
Those solar farms and windmill farms blighting the entire state of California should be considered a crime against the planet
Did they use Solyndra panels for the phantom systems?
California and Ponzi is synonymous
Barack Hussein Obama and his vice-president, Joe Biden for starters.
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?
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.
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.
Shouldn’t that be reversed?...............
Jeff Carpoff found out the hard way you have to pay of the right people in California or things go very bad fast.
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.
"...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:
(more about this whackadoodle boondoggle at EEVblog #935 and #1047)
The whole ‘global warming’ thing is a scam.
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