In what the Department of Justice described as “the largest criminal fraud scheme in the history of the Eastern District of California,” Jeff Carpoff has been sentenced to 30 years in prison for conspiracy to commit wire fraud and money laundering.

Jeff Carpoff, a co-owner of DC Solar, who had previously pled guilty to charges of conspiracy to commit wire fraud and money laundering in a Ponzi scheme that pulled in more than $900 million, has been sentenced to 30 years in prison by U.S. District Judge John A. Mendez.

According to court documents and the Department of Justice (DOJ), DC Solar manufactured mobile solar generator units – generators mounted on trailers – for seven years, while simultaneously carrying out accounting and lease revenue fraud using Ponzi-like circular payments. The trailers were promoted as having capability to provide emergency power to cellphone towers and lighting at sporting events.

Carpoff and his co-conspirators misrepresented the market demand and third-party revenue leasing for their units, and used false financial statements and lease contracts to cover the inaccurate figures. The circular payment scheme began with Carpoff and others using new investor money to pay older investors the supposed lease revenue that they were expecting.

As DC Solar lost vast sums of money, DOJ outlines that Carpoff and other conspirators stopped building the units altogether, selling thousands of non-existent generators to…

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