A 50-year-old California man received the maximum penalty after pleading guilty in January 2020 to conspiracy to commit wire fraud and money laundering.
FILE - In this Oct. 23, 2019, file photo, McGregor Scott, who was then the U.S. Attorney for the Eastern District of California, looks over a 2007 Ford Shelby GT500 displayed in Sacramento, Calif., that was among the vehicles seized by the federal government to be auctioned off.
The couple agreed to forfeit more than $120 million in assets, including a fleet of collector cars and vacation homes in the Caribbean, Mexico, Lake Tahoe and Las Vegas purchased entirely with cash. Prosecutors said they intend to use the assets in partial restitution to victims of the fraud. But prosecutors say the owners began telling investors they could benefit from federal tax credits by leasing the generators back to DC Solar, which would then provide them to other companies for their use.
They eventually stopped building the mobile generators altogether, and a least half the company's claimed 17,000 generators didn't really exist, prosecutors said. Instead, they said Carpoff and others said the generators were in locations where they did not really exist. They traded identification number stickers on generators that had been constructed previously. And they hoodwinked investors during equipment inspections.
“Carpoff’s egregious scheme fueled his rapacious desire for luxury and prominence with showy, public expenditures,” said Sean Ragan, special agent in charge of the FBI's Sacramento Field Office.
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