Jeff Carpoff’s wife, Paulette Carpoff, was sentenced to prison for money laundering and fraud. Jeff and Paulette are both charged in the same case.
American Businessman Jeff Carpoff is the CEO and Founder of DC Solar Solutions Inc., a California-based solar power supply company. Carpoff developed the Solar Eclipse portable solar generator line for off-grid applications such as disaster preparedness and response, construction, agriculture, entertainment, special events, and security management.
Because of its portability and capacity to supply clean energy in remote regions, these solar generators were regarded as a game changer in the renewable energy market.
Carpoff’s career ended abruptly in 2021, despite his unique contributions to the renewable energy market. He was sentenced to 30 years in prison after pleading guilty to the charges against him.
Carpoff’s conduct caused financial loss to investors and harmed the renewable energy industry’s credibility.
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Jeff Carpoff’s wife is the founder of DC Solar.
Paulette Carpoff, Jeff Carpoff’s wife, was a key player in a massive pyramid scheme that lasted years and duped individuals out of millions of dollars.
Between 2011 and 2018, Paulette and Jeff recruited over 20 investors who mistook them for solar generator developers. However, it was later discovered that at least half of the 17,000 gadgets stated to have been manufactured did not exist.
In November 2021, the couple agreed to collaborating on wire fraud and money laundering.
Later, Jeff was sentenced to 30 years in prison, and Paulette and five other defendants who were also involved in the deception pleaded guilty to equivalent offenses.
The Carpoffs received $910 million from 17 investors, but instead of developing solar generators as promised, they retained at least $140 million for themselves.
Jeff and Paulette spent the stolen money on jewelry, a baseball club, and 148 vehicles, including actor Burt Reynolds’ 1978 Firebird.
Jeff Carpoff Age, Biography and Wiki
Jeffery Carpoff is a former car mechanic and entrepreneur who created the DC Solar Company in 2008.
He was born in 1970, and he is now 53 years old.
Carpoff graduated from Wyoming Tech and Alhambra High School. He then founded RoverLand USA, one of the largest autonomous certified Land Rover and Jaguar repair facilities in the United States.
Carpoff started DC Solar Company in 2008, claiming to specialize in transportable solar generators. However, in December 2018, the FBI raided the Company’s activities, leading to suspicions of a Ponzi scheme affiliated with the Company. DC Solar Company eventually declared bankruptcy under Chapter 11.
According to FBI and SEC investigations, Carpoff and his wife, Paulette, guaranteed federal solar tax credits, lease payments, and profits to 17 investors between 2011 and 2018, but instead spent the money lavishly.
The money was allegedly spent on houses, aircraft, jewels, a semi-professional baseball team, cruises and vacations, and even work clothes for family members.
Meanwhile, the majority of the lease revenue was coming from new investors, and many of the mobile solar generators the Company claimed to have built never existed.
The Carpoffs pled guilty to wire fraud and money laundering in January 2020, forfeiting $120 million in assets.
How wealthy is DC Solar Founder Jeff Carpoff? Net Worth and Earnings
Carpoff’s estimated net worth is unknown as of 2023. Because he is currently serving a 30-year sentence for his role in wire fraud and money laundering.
Carpoff founded and led D.C. Solar Solutions and Sirius Light Towers, both of which specialized in transportable solar generators. Carpoff had a successful career in the automobile industry prior to entering the renewable energy sector.
He was the founder and president of RoverLand USA, Inc.. One of the largest certified independent repair facilities in the United States specializing in Land Rover and Jaguar vehicles. In 2006, he sold the business.
Carpoff founded D.C. Solar Solutions and Sirius Light Towers as a result of his skills in the automobile business. And his passion for sustainable energy.
However, his illicit activities have had a considerable impact on his net wealth. He has most certainly lost a large amount of money as a result of the legal proceedings and fines linked with his conviction.
Despite his current circumstances, Carpoff’s earlier achievements in the automotive. And sustainable energy industries demonstrate his commercial ability and entrepreneurial zeal.
