A California couple whose solar company counted Berkshire Hathaway as one of its investors pleaded guilty Friday to running a $900 million Ponzi scheme
WASHINGTON—A California couple whose solar company counted Berkshire Hathaway Inc. as one of its investors pleaded guilty Friday to running a $900 million Ponzi scheme.
Jeff and Paulette Carpoff, who began raising money in 2011, admitted to a scam that involved swindling sophisticated corporate investors who earned valuable federal tax credits for helping finance a renewable-energy business. Authorities seized and auctioned off 148 luxury vehicles owned by the Carpoffs, including a 1978 Pontiac Firebird once owned by Burt...
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