Solar Scammers Plead Guilty After Bilking Berkshire, Others
- DC Solar built mobile solar generators for sporting events
- Feds say company used money from new investors to pay old ones
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The co-owners of a California-based solar company pleaded guilty in connection with an alleged $1 billion Ponzi scheme whose victims include Berkshire Hathaway Inc.
Jeff Carpoff pleaded guilty Friday in federal court in Sacramento to conspiracy to commit wire fraud and money laundering, according to court records. His wife, Paulette Carpoff, admitted to money laundering and conspiracy to commit an offense against the U.S. Four others with ties to their company, DC Solar, have already pleaded guilty in the case.