Dc solar a benicia-based company

DC Solar Solutions Inc., trading as DC Solar, was a Benicia, California solar power supplier company whose owners lived lavishly on ill-gotten gains in Martinez.
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Ex-California solar firm executive sentenced for $1B fraud

Jan 31, 2023· Guidry was a one-time vice president of operations for DC Solar, based in Benicia in the San Francisco Bay Area. Between 2011 and 2018, the company marketed mobile solar generator units. The firm touted the trailer-mounted units as being able to provide emergency power for cellphone companies or lighting at sporting and other events.

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FBI raids East Bay solar company Headquarters, CEO''s home searched

Dec 21, 2018· The FBI confirms it raided a home in Martinez this week, belonging to Paulette and Jeff Carpoff, owners of DC Solar Company based in Benicia. 24/7 Live San Francisco East Bay South Bay Peninsula

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Owners of solar company that caused loss for Buffett plead guilty

Jan 25, 2020· The husband-and-wife owners of DC Solar, a California solar company that caused Warren Buffett''s Berkshire Hathaway Inc to take a $377 million charge last year, pleaded guilty on Friday to involvement... -January 25, 2020 at 06:05 am EST - MarketScreener

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Court-Orders Final Forfeiture of Over $54 Million in Connection

Apr 15, 2020· The assets were seized in the fraud prosecution of the owners of DC Solar, a Benicia-based company, who pleaded guilty in January to charges related to a billion dollar Ponzi scheme. Monday''s order follows an earlier order, on March 24, ordering the final forfeiture of 83 seized assets worth more than $50 million. In total, $120 million in

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Did DC Solar rob the American people?

Because those corporations had used the investment tax credit to deduct roughly that entire sum from their taxes, DC Solar had effectively robbed the American people. The corporations are expected to return their ill-gotten tax breaks to the U.S. Treasury.

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DC Solar Owner Sentenced to 30 Years in Prison for Billion

Nov 9, 2021· SACRAMENTO, Calif. — An owner of DC Solar, a Benicia-based company, was sentenced today for a billion-dollar Ponzi scheme— the biggest criminal fraud scheme in the history of the Eastern District of California, Acting U.S. Attorney Phillip A. Talbert announced. Alan Hansen, 50, of Vacaville, a former employee of a telecom company with

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Former Executive Alan Hansen Sentenced To 8 Years For $1 Billion DC

Jun 1, 2022· Hansen, 51, worked for DC Solar, a company based in Benicia in Solano County that marketed mobile solar generator units. The firm touted the units mounted on trailers as being able to provide

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Benicia: One-time DC Solar owner gets 30 years in Ponzi scheme

Nov 9, 2021· The one-time owner of a Benicia-based solar company was sentenced to 30 years in federal prison Tuesday for his role in a billion-dollar Ponzi scheme that prosecutors call the

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Would DC Solar defraud new buyers?

DC Solar wouldn''t just defraud new buyers to pay earlier ones. By holding itself out as a legitimate solar company, it would give all of them—new and old—cover to drain millions of dollars of tax credits from the U.S. Treasury. The American taxpayer, that is, would subsidize the scam.

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Details on bankruptcy auction for DC Solar mobile solar generators (Dec

The court-ordered auction is being conducted in connection with the Chapter 7 bankruptcy filing of DC Solar, a Benicia, CA-based solar energy company which manufactured and leased renewable energy products.

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DC Solar | Commercial Solar Installers

DC Solar is a nationwide leader in commercial solar installation for commercial, utility, public and private clients. For several years, DC Solar has worked with leaders in the solar industry as project managers and commercial installers of large PV systems from coast to coast.

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Former CEO of Benicia solar company gets 30 years for $1B

Nov 10, 2021· The couple started DC Solar, based in Benicia, as a legitimate company that made solar generators mounted on trailers, prosecutors said. They marketed the generators between 2011 and 2018 as being

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Does DC Solar have a car charger contract?

DC Solar had an offer for 30 leases from a sports-marketing company. It had a signed contract to provide 10,000 car chargers to the U.S. Department of Transportation for parking lots and schools across the country. (A DOT spokesperson told me there was never any such contract.)

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Federal attorneys file to seize $65 million in DC Solar case

Mar 24, 2019· During the Dec. 18, 2018 raid, agents also recorded several interviews, including one with an executive of the Benicia-based company, the attorneys wrote. Properties, was used for a personal certificate of deposit, and the money was reimbursed by an account from one of the DC Solar companies.

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Is DC Solar a Ponzi scheme?

SACRAMENTO, Calif. — An owner of DC Solar, a Benicia-based company, was sentenced today for a billion-dollar Ponzi scheme— the biggest criminal fraud scheme in the history of the Eastern District of California, Acting U.S. Attorney Phillip A. Talbert announced.

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DC Solar head gets 30 years, must pay $790 million in huge

Nov 9, 2021· Carpoff and his wife, Paulette, pleaded guilty in January 2020 to taking part in the Ponzi scheme involving their Benicia-based DC Solar Solutions company, plea deals that came after months of

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DC Solar Owners Plead Guilty to Largest Ponzi Scheme in

Jan 27, 2020· — 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

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DC Solar owner sentenced to over 11 years in prison for billion

On November 16, 2021, Joseph W. Bayliss, of Martinez, was sentenced to three years in prison and ordered to pay $481.3 million in restitution for securities fraud and conspiracy in

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One-time owner of Benicia solar company sentenced to 30 years

Nov 9, 2021· The one-time owner of a Benicia-based solar company was sentenced to 30 years in federal prison Tuesday for his role in a billion-dollar Ponzi scheme, authorities said.

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Who seized DC solar assets?

The assets were seized in the fraud prosecution of the owners of DC Solar, a Benicia-based company, who pleaded guilty in January to charges related to a billion dollar Ponzi scheme. Monday''s order follows an earlier order, on March 24, ordering the final forfeiture of 83 seized assets worth more than $50 million.

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Owners Of Benicia-Based Solar Company Plead Guilty In Billion

Jan 24, 2020· The owners of DC Solar, a Benicia-based company, pleaded guilty Friday to charges related to a billion-dollar Ponzi scheme used to finance luxury homes and

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Former Bay Area energy executive gets prison for $1 billion solar

Apr 13, 2022· Robert A. Karmann, 55, of Clayton was the chief financial officer for DC Solar, a company based in Benicia in the San Francisco Bay Area that sold mobile solar generator units mounted on trailers.

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Best solar companies in Benicia, CA: Our 2024 picks

Discover what the best solar companies in Benicia, CA are, according to the EnergySage solar installer ranking system. Open navigation menu How much does solar cost in Benicia, CA? Based on the latest data from the EnergySage Marketplace, the average Benicia, CA homeowner needs a 7.66 kW solar panel system to cover their electric bills.

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DC Solar Owner Sentenced to 30 Years in Prison for Billion Dollar Ponzi

Nov 10, 2021· SACRAMENTO, Calif. — An owner of DC Solar, a Benicia-based company, was sentenced today for a billion-dollar Ponzi scheme— the biggest criminal fraud scheme in the history of the Eastern District of California, Acting U.S. Attorney Phillip A. Talbert announced.

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In fed court, Benicia-based businessman gets 30 years for $1B

Nov 10, 2021· The owner of DC Solar, a Benicia-based company, was sentenced Tuesday for a billion-dollar Ponzi scheme in the biggest criminal fraud case in the history of the Eastern

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Nixon Peabody Gets OK For Deal With DC Solar Investors

Jan 26, 2023· DC Solar sold generators to the Solar Eclipse Investment Funds, whose investors bought membership interests by paying 30% of the generators'' purchase price at close, with DC Solar seller-financing the remaining 70%. the Benicia, California-based company operated a Ponzi-like scheme that defrauded investors of approximately $1 billion

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DC Solar owners plead guilty to Ponzi scheme

Jan 24, 2020· 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 []

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FBI agent suggests DC Solar operations ''Ponzi Scheme''

Feb 27, 2019· Phillips''s declaration did not mention the Carpoffs by name, and described the businesses only as Company S and Company D, but said the companies operated as one company and were run jointly by a husband and wife and are headquartered at 4901 Park Road, Benicia, the home address of DC Solar Solutions and DC Solar Distribution.

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Court-Orders Final Forfeiture of Over $54 Million in Connection

Apr 15, 2020· The assets were seized in the fraud prosecution of the owners of DC Solar, a Benicia-based company, who pleaded guilty in January to charges related to a billion dollar

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Eastern District of California | Top Executives Plead Guilty to

Jan 24, 2020· — 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

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Former executive gets prison for $1-billion solar fraud

Apr 14, 2022· Robert A. Karmann, 55, of Clayton, Calif., was the chief financial officer for DC Solar, a company based in Benicia in the San Francisco Bay Area that sold mobile solar generator units mounted on

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Former Solano County Executive Gets Prison For $1B Solar Fraud

Apr 13, 2022· Robert A. Karmann, 55, of Clayton, was the chief financial officer for DC Solar, a company based in Benicia that sold mobile solar generator units mounted on trailers.

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DC Solar owner sentenced to over 11 years in prison for billion

Paulette Carpoff controlled the Ponzi-like payments that hid the company''s lack of third-party lease revenue, caused fake engineering reports for MSGs that the company sold but never built, and helped fool investors into thinking that DC Solar was a success. Eventually, DC Solar simply stopped building the mobile-solar generators that it

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How much money has been forfeited for the DC Solar Ponzi scheme?

SACRAMENTO, Calif. — On Monday, U.S. District Judge John A. Mendez ordered the final forfeiture of $3.9 million in private jet shares bringing the total court-ordered forfeiture this year to more than $54 million related to the DC Solar Ponzi scheme, U.S. Attorney McGregor W. Scott announced.

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Owners of solar company that caused loss for Buffett plead guilty

The husband-and-wife owners of DC Solar, a California solar company that caused Warren Buffett''s Berkshire Hathaway Inc to take a $377 million charge last year, pleaded guilty on Friday to

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Carpoffs enter guilty pleas, sentencing scheduled for May 19

Jan 24, 2020· — 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

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Former executive gets prison for $1 billion solar fraud

Jun 1, 2022· Hansen, 51, worked for DC Solar, a company based in Benicia in the San Francisco Bay Area that marketed mobile solar generator units. The firm touted the units mounted on trailers as being able to provide emergency power for cellphone companies or to provide lighting at sporting and other events.

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Lafayette attorney indicted in the DC Solar billion dollar Ponzi

Former Concord- and Benicia-based company. he was outside counsel to DC Solar and provided legal and business advice concerning DC Solar''s operations. The indictment was unsealed today following Lauer''s arrest. According to court documents, between 2011 and 2018, DC Solar manufactured mobile solar generators that were mounted on

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Owners of solar company that caused loss for Buffett plead guilty

Jan 25, 2020· The husband-and-wife owners of DC Solar, a California solar company that caused Warren Buffett''s Berkshire Hathaway Inc <BRKa.N> to take a $377 million charge last year, pleaded guilty on Friday

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DC Solar Owner Sentenced to 30 Years in Prison for Billion

Nov 9, 2021· SACRAMENTO, Calif. — An owner of DC Solar, a Benicia-based company, was sentenced today for a billion-dollar Ponzi scheme— the biggest criminal fraud scheme in the

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Eastern District of California | Top Executives Plead Guilty to

Jan 24, 2020· SACRAMENTO, Calif. — The owners of DC Solar, a Benicia-based company, pleaded guilty today to charges related to a billion dollar Ponzi scheme— the biggest criminal

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The Billion-Dollar Ponzi Scheme That Hooked Warren Buffett and

May 8, 2023· Inc. magazine would call his company, DC Solar, a "renewable energy powerhouse" with a product "people clearly needed." The Obama administration would make

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About Dc solar a benicia-based company

About Dc solar a benicia-based company

DC Solar Solutions Inc., trading as DC Solar, was a Benicia, California solar power supplier company whose owners lived lavishly on ill-gotten gains in Martinez.

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