SEC Charges Husband and Wife With Nearly $1 Billion Ponzi Scheme
January 25, 2020
January 25, 2020
WASHINGTON, Jan. 25 -- The Securities and Exchange Commission issued the following news release on Jan. 24:
The Securities and Exchange Commission charged a California-based couple with orchestrating a nearly billion-dollar Ponzi scheme involving alternative energy tax credits.
According to the SEC's complaint, Jeffrey and Paulette Carpoff raised approximately $910 million from 17 investors between 2011 and 2018 by offering securities in the form of investment contracts . . .
The Securities and Exchange Commission charged a California-based couple with orchestrating a nearly billion-dollar Ponzi scheme involving alternative energy tax credits.
According to the SEC's complaint, Jeffrey and Paulette Carpoff raised approximately $910 million from 17 investors between 2011 and 2018 by offering securities in the form of investment contracts . . .