ICYMI: Warren Buffett Taken For $340 Mil By Solar Powered Ponzi Scheme – IOTW Report

ICYMI: Warren Buffett Taken For $340 Mil By Solar Powered Ponzi Scheme

Los Angeles Times

The co-owners of a California solar company pleaded guilty in connection with a $1-billion Ponzi scheme whose victims included Berkshire Hathaway Inc.

Jeff Carpoff pleaded guilty Friday in Sacramento federal court 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. At least four others with ties to their company, DC Solar, have already pleaded guilty in the case.

DC Solar built mobile solar generators for sporting events and music festivals. The company attracted at least a dozen investors in complex deals that raised money through what’s known as tax-equity funds. They included Progressive Corp., East West Bancorp Inc., Valley National Bancorp and Sherwin-Williams. Warren Buffett’s company invested $340 million. More

12 Comments on ICYMI: Warren Buffett Taken For $340 Mil By Solar Powered Ponzi Scheme

  1. Petty cash.compared to the TRILLIONS that scimbag obama and gang gave to bullahit solar companies (all now broke) thst was really payoffs and money transfers to leftist shit.)

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  2. not to worry … just a write-off for Mr. Pius of the Holy Buffett

    compare ordering & receiving a cheap piece of Chinese electronic junk from Amazon ‘Prime Choice’ for $15 & it don’t work … you gonna return it? … or just eat it because returning it is too much of a hassle?

    yeah … poor Ebenezer Buffett

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  3. Is somebody making a list on all the green scheme stuff that’s failed? How much power can a mobile solar unit deliver to an outdoor event? I don’t think somebody did their homework, cost vs profit would put this thing in the circular file in a hurry. Especially since most of those things are at night. They couldn’t even make it work with other people’s money.

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  4. These things happen. Buffett was going after that sweet sweet taxpayer money and he got bit. But don’t worry, he has already got his hands on a lot of taxpayer money. I am so happy that my hard work and sweat is doing at least a little something to keep the upper crust upper crusty.

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