A woman who together with her husband ran a nearly $1 billion solar investment scam has been sentenced to 11 years and three months in prison, justice officials in California said Tuesday.
Paulette Carpoff, 51, had led a vast pyramid scheme with her husband Jeff between 2011 and 2018, attracting almost 20 investors who thought they were financing the development of solar generators.
-
-
NDTV World Summit 2026: What To Watch Out For | PM Modi, Jaishankar, AI And Global Power Shifts -
Andrew Ng On AI At Scale: Building The Intelligence Economy | NDTV World Summit 2026 -
NDTV World Summit 2026: Behind The Scenes As Ayush And Vedika Preview Two-Day Mega Event -
Who Is Rajiv Mehta? Lilavati Hospital Trustee To Speak At NDTV World Summit 2026 -
Ex-CIA Director To Decode 'War In Times Of AI' At NDTV World Summit -
From Call Centre To Billion-Dollar Disruptor: Nikhil Kamath At NDTV World Summit -
Alain Ebobisse, Africa50 CEO, To Attend NDTV World Summit 2026. All About Him -
Kriti Sanon At NDTV World Summit: A Look At Her Career And Business Ventures -
Ex-CIA Director To Decode 'War In Times Of AI' At NDTV World Summit -
Who Is Vikram Rai, CEO, South Asia GE Aerospace, Set To Attend The NDTV World Summit 2026
The couple pleaded guilty in 2020 to conspiracy to commit wire fraud and money laundering, and Jeff Carpoff was sentenced the following year to 30 years in prison.
The couple had raised $910 million from 17 investors, but of the 17,000 devices they claimed to have made, at least half did not exist.
Jeff and Paulette Carpoff had kept at least $140 million for their own use, with which they bought jewelry, 148 cars -- including actor Burt Reynolds' 1978 Firebird -- a baseball team, and luxury real estate.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Track Latest News Live on NDTV.com and get news updates from India and around the world
