Solar Firm Owners Charged With ‘Massive’ Fraud

A California couple have been billed with orchestrating a “massive” Ponzi plan that collected just about $one billion from investors in their solar company.

Jeff Carpoff, President and CEO of DC Photo voltaic

The U.S. Securities and Trade Fee said Jeff Carpoff and his wife Paulette promised investors who obtained solar turbines made by DC Photo voltaic that they would income from tax credits and lease payments from close-buyers of the turbines.

But in accordance to the SEC, most of the turbines did not exist and most of the company’s earnings came from investor cash. The Carpoffs allegedly elevated roughly

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Portuguese Banker Named in Angola Fraud Case Is Found Dead

A Portuguese banker was observed useless immediately after getting determined as a suspect in a fraud case from Isabel dos Santos, the daughter of Angola’s previous president.

Nuno Ribeiro da Cunha, forty five several years previous, evidently hanged himself and had tried suicide earlier this month, Lisbon police reported. His dying arrived immediately after Angola prosecutors determined him Wednesday at a press conference in Luanda, the African nation’s capital, as a suspect in a vast-ranging investigation of alleged money laundering and fraud by Ms. dos Santos.

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