Securities
Oct. 5, 2022
SEC sues attorney related to 'billion-dollar' Ponzi scheme
The FBI shut the company down in 2018 and its founders, Jeffrey and Paulette Carpoff, filed for bankruptcy and were convicted on criminal charges.
The U.S. Securities and Exchange Commission accused a Walnut Creek lawyer in a lawsuit of being part of a Ponzi scheme that generated $1 billion from investors of solar generators.
Ari J. Lauer acted as general counsel for DC Solar Solutions, which sold generators to investors who then rented them back to the alternative energy company, according to the lawsuit.
The FBI shut the company down in 2018 and its fou...
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