Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $21,223
26%  
Woo hoo!! And we're now over 26%!! Thank you all very much!! God bless.

Keyword: carpoff

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  • NASCAR, Chip Ganassi Racing Duped In Billion Dollar Ponzi Scheme, Affiliation Unlikely to Leave Stain on Sport (DC Solar)

    01/27/2020 3:47:40 PM PST · by Libloather · 6 replies
    Sports Illustrated ^ | 1/26/20 | John Wall Street
    The co-owners of DC Solar Solutions, Inc. plead guilty on Friday to charges associated with running a one billion dollar Ponzi scheme. Jeff and Paulette Carpoff (along with five others who have/will plead guilty) acknowledged that between 2011 and 2018 they sold investors mobile solar generator units (MSGs) that did not exist and manipulated documentation (think: financial statements, lease contracts) to make it appear as if the units had been leased out and were in use. New funds were used to pay the scam’s earliest investors and to make several sports related purchases including; NASCAR sponsorships, an independent league baseball...
  • Massive car collection seized from owners of bankrupt DC Solar up for auction

    10/18/2019 11:49:00 AM PDT · by DFG · 27 replies
    Fox News ^ | 10/18/2019 | Gary Gastelu
    An incredible collection of nearly 150 classic and modern cars is coming up for auction, but they each come with a conflicted history. The cars were seized by the feds from the owners of DC Solar, who have been accused of running the bankrupt solar-powered generator company as an $800 million Ponzi scheme. Jeff and Paulette Carpoff haven’t been charged with any crimes as of yet, according to the U.S. Attoney’s office, but their situation remains under investigation. In the meantime, the Carpoffs and the Department of Justice agreed to hold an interlocutory sale and put the proceeds into a...