An attorney from Lafayette has been arrested and indicted in connection for his alleged role in the massive Ponzi scheme involving DC Solar.
LAFAYETTE – According to U.S. Attorney Phillip Talbert's office, 59-year-old Ari J. Lauer is facing multiple charges, including conspiracy to commit wire and bank fraud, bank fraud and wire fraud affecting a financial institution, according to an indictment unsealed Tuesday. Lauer had served as the company's outside counsel between 2009 and January 2019.
They allege that the conspirators agreed to conceal the lack of revenue by transferring investors' money from one account to another, misrepresenting the flow of funds as lease revenue.During the conspiracy, prosecutors allege that 94-95% of the supposed lease revenue on the books was actually intercompany transfers disguised as money from new investors.
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