Jeff Carpoff Wife, Paulette Carpoff, was sentenced to prison after being involved in money Laundery and fraud. Both Jeff and Paulette are charged for the same case.
Jeff Carpoff is the CEO and Founder of DC Solar Solutions Inc., a solar power supply Company based in California.
Carpoff invented the Solar Eclipse range of portable solar generators for off-grid markets such as emergency preparedness and response, construction, agriculture, entertainment, special events, and security management.
These solar generators were considered a game-changer in the renewable energy industry due to their portability and ability to provide clean energy in remote locations.
However, despite his innovative contributions to the renewable energy sector, Carpoff’s career ended abruptly in 2021. After pleading guilty to the charges against him, he was sentenced to 30 years in jail.
Carpoff’s actions caused financial harm to the investors and impacted the reputation of the renewable energy industry.
DC Solar Founder Jeff Carpoff Wife
Jeff Carpoff’s wife, Paulette Carpoff, was a crucial player in a vast pyramid scheme that lasted for years and scammed people out of millions of dollars.
Between 2011 and 2018, Paulette and Jeff attracted almost 20 investors who thought they were financing the development of solar generators. However, it was later revealed that at least half of the 17,000 devices they claimed to have made did not exist.
In November 2021, the couple admitted they had worked together to do wire fraud and hide money.
Jeff was later sentenced to 30 years in prison, and Paulette and five other defendants also involved in the fraud pleaded guilty to comparable crimes.
The Carpoffs had raised $910 million from 17 investors, but instead of using the funds to develop solar generators as promised, they kept at least $140 million for their use.
Jeff and Paulette used the stolen money to purchase luxury items such as jewelry, a baseball team, and 148 cars, including Actor Burt Reynolds’ 1978 Firebird.
Jeff Carpoff Biography Age
Jeffery Carpoff is an American entrepreneur and former auto mechanic who founded the DC Solar Company in 2008.
He was born in 1970 and is currently 54 years old.
Carpoff completed his education at Wyoming Tech and Alhambra High School. He then set up RoverLand USA, one of America’s largest autonomous certified Land Rover and Jaguar repair facilities.
In 2008, Carpoff founded DC Solar Company, which claimed to specialize in mobile solar generators. However, the FBI raided the Company’s operations in December 2018, leading to allegations of a Ponzi scheme associated with the Company. DC Solar Company eventually filed for Chapter 11 bankruptcy.
Investigations by the FBI and the SEC revealed that Carpoff and his wife, Paulette, had pledged federal solar tax credits, lease payments, and profits to 17 investors between 2011 and 2018 but instead used the funds to indulge in lavish spending.
They reportedly spent the money on properties, jets, jewelry, a semi-professional baseball team, trips and vacations, and even work wardrobes for family members.
Meanwhile, most of the lease revenue was being paid with money from new investors, and many of the mobile solar generators the Company claimed to have built never existed.
In January 2020, the Carpoffs pled guilty to wire fraud and money laundering, forfeiting $120 million in assets.
Jeff Carpoff Net Worth 2023
As of 2023, Carpoff’s estimated net worth is unavailable as he is currently serving a 30-year sentence for his involvement in wire fraud and money laundering.
Carpoff was the founder and CEO of D.C. Solar Solutions and Sirius Light Towers, two companies specializing in mobile solar generators.
Before entering the sustainable energy sector, Carpoff had a successful background in the automotive industry.
He was the Founder and President of RoverLand USA, Inc., one of the U.S.’s most extensive certified independent repair facilities specializing in Land Rover and Jaguar vehicles. He sold the Company in 2006.
Carpoff’s expertise in the automotive industry and his passion for sustainable energy led him to found D.C. Solar Solutions and Sirius Light Towers.
However, his criminal actions have had significant consequences for his net worth. He has likely lost substantial wealth due to the legal proceedings and fines associated with his conviction.
Despite Carpoff’s current situation, his previous successes in the automotive and sustainable energy industries highlight his business acumen and entrepreneurial spirit.