Owners of solar company that caused loss for Buffett plead guilty over Ponzi scheme

The husband-and-wife owners of DC Solar, a California solar company that caused Warren Buffett's Berkshire Hathaway Inc to take a $377 million charge last year, pleaded guilty on Friday to involvement in an estimated $912 million Ponzi scheme......»»

Category: topSource: reutersJan 25th, 2020

A couple pleaded guilty to scamming Warren Buffett as part of a $1 billion Ponzi scheme

Bill Pugliano/Getty The couple accused of scamming Warren Buffett and other investors pleaded guilty to money laundering and conspiracy charges on Friday. Jeff and Paulette C.....»»

Category: topSource: businessinsiderJan 26th, 2020

Buffett"s Berkshire "Duped" Out Of $377 Million By "Ponzi-Like Solar Scheme"

While it may come as a shock to liberals, it looks as though Donald Trump may n.....»»

Category: blogSource: zerohedgeMay 8th, 2019

US: German company to plead guilty in VW emissions scheme

U.S. authorities say a German engineering company has agreed to plead guilty and pay $35 million for its role in the Volkswagen vehicle emissions scandal......»»

Category: topSource: foxnewsDec 18th, 2018

Ex-Insys CEO to plead guilty to opioid kickback scheme

The former chief executive of Insys Therapeutics Inc has agreed to plead guilty to participating in a scheme to bribe doctors to prescribe a powerful opioid medication sold by the company, U.S. prosecutors said on Wednesday......»»

Category: topSource: reutersDec 26th, 2018

Former ComEd VP expected to plead guilty in bribery scheme

A former ComEd executive is scheduled to plead guilty this week in a bribery conspiracy case alleging he helped arrange payments to allies of powerful Democratic House Speaker Michael Madigan to influence leg.....»»

Category: topSource: chicagotribuneSep 28th, 2020

Berks County accountant sentenced to 10 years for $60M Ponzi scheme targeting Amish, Mennonites

A Berks County accountant was sentenced to 10 years in prison for orchestrating a $60 million Ponzi scheme targeting Amish and Mennonite communities, of which he was a member.  Philip Elvin Riehl, a 68-year-old from Bethel Township, pleaded guilty .....»»

Category: topSource: bizjournalsJul 20th, 2020

PG&E to plead guilty to 84 counts of involuntary manslaughter for causing 2018"s Camp Fire

Pacific Gas and Electric Company has agreed to plead g.....»»

Category: topSource: usatodayMar 23rd, 2020

First Solar stock down 11% after surprise quartely loss, sales miss

First Solar Inc. shares fell more than 11% in the extended session Thursday after the solar-power company swung to a surprise quart.....»»

Category: topSource: marketwatchFeb 20th, 2020

Samsung accidentally sent a mysterious notification to Galaxy phone owners, and it caused a lot of confusion

Many Samsung Galaxy phone owners received a notification on Thursday from the company's "Find My Mobile" se.....»»

Category: topSource: businessinsiderFeb 20th, 2020

Gemcoin Founder Agrees to Plead Guilty to Fraud, Tax Evasion for $147M Scheme

Steve Chen agreed to plead guilty to tax evasion and conspiracy to commit wire fraud in connection with the $147 million Gemcoin scheme......»»

Category: forexSource: coindeskFeb 19th, 2020

Why Gordon Johnson Says SunPower Is A "Perpetually Loss-Making" Company

Solar solutions and services provider SunPower Corporation (NASDAQ: SPWR) reported fourth-quarter results last week that include "accounting shenanigans" made Lat.....»»

Category: blogSource: benzingaFeb 18th, 2020

Wife of convicted Ponzi-scheme fraudster pleads guilty to trying to pocket $26,000 in credit-card points

She was charged with trying to redeem the points for gift cards at Starbucks, Sephora and Home Depot......»»

Category: topSource: marketwatchOct 22nd, 2019

"Not the best owners": UK"s Domino"s to exit foreign markets

Domino's Pizza Group Plc , Britain's biggest pizza delivery company, on Thursday said it would quit its loss-making international operations, sending shares higher in early trade......»»

Category: topSource: reutersOct 17th, 2019

Former UGA Student Pleads Guilty To Running Million-Dollar Ponzi Scheme From Frat House

Former UGA Student Pleads Guilty To Running Million-Dollar Ponzi Scheme From Frat House A former University of Georgia student has pleaded guilty to securitie.....»»

Category: blogSource: zerohedgeOct 13th, 2019

Louisiana Forwarder Pays $488,250 Criminal Fine

The U.S. Justice Department said a Louisiana freight forwarder has agreed to plead guilty to an antitrust violation charge for its role in a price-fixing scheme and pay a $488,250 criminal fine. read more.....»»

Category: blogSource: benzingaSep 18th, 2019

St. Louis business, owner plead guilty to fraud charge

A High Ridge company and it’s owner have pleaded guilty to one count each of conspiracy to commit visa fraud. William Richardet, 64 and of Jefferson County, knowingly submitted fraudulent claims and statements on Form 9142s (submitted to the U.S......»»

Category: topSource: bizjournalsAug 16th, 2019

Former L.A. man who ran $7.5M Ponzi scheme gets prison sentence

A former Los Angeles man was sentenced to 87 months in jail Monday for running a $7.5 million Ponzi scheme by claiming he knew NBA stars such as Steph Curry, as well as beverage company executives. Khemraj Dave Hardat, 50, who used to live at the tony.....»»

Category: topSource: bizjournalsAug 13th, 2019

Sunworks has backlog of work and cash to do it, CEO says

Roseville-based solar photovoltaic installer Sunworks Inc. narrowed its loss in the second quarter, and the company said it has a backlog of $45.9 million in orders to fill over the next four quarters. Those orders include the development of a 567-.....»»

Category: topSource: bizjournalsAug 2nd, 2019

Take a peek at the 5 mansions, condos, and villas bought by the couple who allegedly scammed Warren Buffett

Zalanta A couple accused of scamming Warren Buffett's Berkshire Hathaway conglomerate in a "Ponzi-type" scheme splurged more than $40 million on real estate, according to federal investigators. J.....»»

Category: smallbizSource: nytJun 11th, 2019

Solar operation accused in $800M fraud scheme lists Kansas Speedway as a creditor

Kansas Speedway was just one of the customers kept in the dark by a company allegedly involved in an $800 million tax fraud scheme. DC Solar, a California company that sold charging stations for electric vehicles and mobile solar products, says in.....»»

Category: topSource: bizjournalsJun 10th, 2019