US woman who led $1bn solar scam jailed for 11 years

Paulette Carpoff, 51, had led a vast pyramid scheme with her husband Jeff between 2011 and 2018, attracting almost 20 investors who thought they were financing the development of solar generators.

The couple pleaded guilty in 2020 to conspiracy to commit wire fraud and money laundering, and Jeff Carpoff was sentenced the following year to 30 years in prison. The couple had raised $910 million from 17 investors, but of the 17,000 devices they claimed to have made, at least half did not exist. Jeff and Paulette Carpoff had kept at least $140 million for their own use, with which they bought jewellry, 148 cars - including actor Burt Reynolds' 1978 Firebird - a baseball team, and luxury real estate.

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Different challenge from 11-0 hammering but Ireland win expected in GoriVera Pauw's Girls In Green face Georgia in their next World Cup qualifier today. Is it being screened anywhere?
Source: The42_ie - 🏆 5. / 86 Read more »

EY US agrees record €95m US settlement over ethics exam cheatingSEC alleges ‘breaches of trust’ involving dozens of employees at Big Four audit firm
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

Global stocks fall following drop in US consumer confidenceAIB saw its shares fall 3% in Dublin after the Government successfully placed a 5% stake on the stock market on Monday via IrishTimesBiz
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

Texas lorry deaths add fuel to US border immigration debateAnalysis: Critics claim Biden has lost control of southern border amid surge in numbers attempting to cross from Mexico open borders are a disaster, the people who want to prevent tragedies like this are the bad guys though
Source: IrishTimes - 🏆 3. / 98 Read more »