SEC Charges Husband and Wife with Nearly $1 Billion Ponzi Scheme

FOR IMMEDIATE RELEASE
2020-18

Washington D.C., Jan. 24, 2020 —

The Securities and Exchange Commission today charged a California-based couple with orchestrating a nearly billion-dollar Ponzi scheme involving alternative energy tax credits.

According to the SEC's complaint, Jeffrey and Paulette Carpoff raised approximately $910 million from 17 investors between 2011 and 2018 by offering securities in the form of investment contracts through their two solar generator companies, DC Solar Solutions Inc. and DC Solar Distribution Inc

https://www.sec.gov/news/press-release/2020-18