Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Tuesday, May 28, 2024 | Back issues
Courthouse News Service Courthouse News Service

Ponzi Scheme

The owners of DC Solar pleaded guilty Friday in California to charges relating to a Ponzi scheme in which they defrauded investors of $1 billion by selling them solar generators that did not exist. 

SACRAMENTO, Calif. – The owners of DC Solar pleaded guilty Friday in California to charges relating to a Ponzi scheme in which they defrauded investors of $1 billion by selling them solar generators that did not exist. 

Categories / Business, Criminal

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...