Bay Area couple plead guilty to $1 billion solar Ponzi scheme

The owners of DC Solar, a Benicia-based company, pleaded guilty on January 24 to charges related to a billion dollar Ponzi scheme — the biggest criminal fraud scheme in the history of the Eastern District of California, according to the U.S. Attorney’s Office.

The government’s investigation has resulted in more than $120 million in assets forfeited that will go to victims and has so far returned $500 million to the U.S. Treasury, U.S. Attorney McGregor W. Scott stated on Friday.

Jeff Carpoff,…

share:

more energy news

Send Us A Message