“The co-owners of a California solar company pleaded guilty in connection with a $1-billion Ponzi scheme whose victims included Berkshire Hathaway Inc. Jeff Carpoff pleaded guilty Friday in Sacramento federal court to conspiracy to commit wire fraud and money laundering, according to court records. His wife, Paulette Carpoff, admitted to money laundering and conspiracy … [Read more…]
“Warren Buffett’s investment conglomerate, Berkshire Hathaway, took a $377 million hit in the first quarter of 2019 due to prior years’ investments in a group of funds run by a company that’s now believed to be a Ponzi scheme. Between 2015 to 2018, Berkshire Hathaway invested a total of $340 million in tax-credit investment … [Read more…]
“Warren Buffett’s Berkshire Hathaway Inc on Wednesday said a $377 million charge it incurred recently was tied to a solar generation company that U.S. authorities have linked to fraud. Berkshire said in its first-quarter report on Saturday it had invested $340 million in various tax equity investment funds from 2015 to 2018, before learning … [Read more…]