Alan Hansen was sentenced Tuesday to eight years in prison and ordered to pay $619,415,950 in restitution for participating in a billion-dollar Ponzi scheme involving DC Solar.
SACRAMENTO -- Alan Hansen was sentenced Tuesday to eight years in prison and ordered to pay $619,415,950 in restitution for participating in a billion-dollar Ponzi scheme involving DC Solar.
In reality, at least half of the approximately 17,000 solar generators the company claimed to have been manufactured did not exist. "Mr. Carpoff lived a luxurious life as a successful businessman," said Special Agent in Charge Mark H. Pearson back in November."In reality, he manipulated the system to his advantage by lying to investors, promising significant federal tax credits, and laundering his ill-gotten gains."
After signing the contract, Hansen took a job at DC Solar at a significant pay increase. Then as a DC Solar executive, Hansen and a co-conspirator agreed to share $20,000 cash from Jeff Carpoff to sign a false agreement related to the earlier contract by forging the signature of a former telecom company employee.
On Nov. 9, 2021, Jeff Carpoff was sentenced to 30 years in prison and ordered to pay $790.6 million in restitution for conspiracy to commit wire fraud and money laundering. His wife Paulette Carpoff has pleaded guilty to conspiracy to commit an offense against the United States and money laundering, and is scheduled to be sentenced on June 28, 2022.
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