One of the leaders of a solar energy fraud worth almost a billion dollars was sentenced to 11 years and three months in prison on Tuesday, June 28, California justice announced.
Polet Karpoff, 51, ran a huge pyramid scheme with her husband Jeff from 2011 to 2018, involving about 20 investors who thought they were financing the development of a solar generator. The couple was found guilty of conspiracy to commit money laundering in 2020, and Jeff Karpoff was sentenced to 30 years in prison the following year.
The couple raised $ 910 million from 17 investors, but of the 17,000 devices they claimed to have made, at least half never actually saw the light of day. Jeff ետ Palet Karpoff kept at least $ 140 million for their use, buying jewelry, 148 cars, including actor Bert Reynolds’ 1978 car. Firebird, baseball team, luxury real estate …
Source: Le Figaro
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