DC Solar Owners Plead Guilty

[miketx]

Another Obama solar initiative bites the dust, but not until after stealing millions from individuals, companies and the US government.

This solar project turned into the largest Ponzi scheme in Eastern California history.

It was reported this week that the owners of a massive solar company turned ponzi scheme were indicted this week in Eastern California. According to the DOJ in Eastern California:


The owners of DC Solar, a Benicia-based company, pleaded guilty today to charges related to a billion dollar Ponzi scheme— the biggest criminal fraud scheme in the history of the Eastern District of California. The government’s investigation has resulted in the largest criminal forfeiture in the history of the District with over $120 million in assets forfeited that will go to victims, and has returned $500 million to the United States Treasury, with more to come, U.S. Attorney McGregor W. Scott announced.

thegatewaypundit.com/2020/01/another-obama-solar-company-burns-out-dc-solar-owners-plead-guilty-to-largest-ponzi-scheme-in-eastern-california-history/

The owners, Jeff and Paulette Carpoff, were BIG Republican contributors.

Prove it

I already have.

You're a gd liar like all prog vermin.

 

[Andylusion]

So if I take hundreds of dollars from you, then I give you back $50, then I am subsidizing you? This is ridiculously stupid claim.

A real subsidy, is when you take money out of the tax payers pockets, and give it to a wealthy man who is building a solar panel. That is what a real subsidy is.

If your business makes zero profit, you can keep that business going, using a subsidy.
If your business makes zero profit, you can't keep that business going, by using a tax break.

We know this because Ethanol is not profitable, without government subsidies for renewable fuel. If the government itself, doesn't cut wind-mill companies a check for wind-electricity, all wind power companies would go broke.

That is the difference between a real subsidy, where you are 'subsidizing the cost' of an operation.

This is why everyone laughed at the utterly retarded left-winger like AOC saying she's going to spend the tax subsidies that would have gone to Amazon, on schools and hospitals. Sorry, you can't "spend" a tax break.

"A subsidy is a benefit given to an individual, business, or institution, usually by the government. It is usually in the form of a cash payment or a tax reduction. The subsidy is typically given to remove some type of burden, and it is often considered to be in the overall interest of the public, given to promote a social good or an economic policy.".

Subsidy Definition

Again, a tax reduction is not a "Benefit given" to anyone. Me letting you keep the money you rightfully earned, is not me "giving you a benefit".

That is a ridiculous claim. Yes, I know it's written in your link... and your link is wrong.

Let me put it another way....

Benefits are not dependent on YOU to do something that gives yourself a benefit.

How much of a benefit am I giving you, if you earn no money? Can I take money from you, that you never earned? No.

So if you earn nothing, how is my tax reduction a benefit? It isn't. So is it really a benefit, when it requires you to work hard enough, to get my benefit?

I can't 'subsidize' you with your money. That makes no sense. If you have to earn it, in order for me to give it to you, then it isn't a subsidy.

And if you really believe that every tax deduction is a subsidy, then absolutely everyone in the entire country, from the homeless beggar, to the most wealthy CEO, are all entirely subsidizes. If that's the case, then you have no reason to complain, since everyone everywhere is subsidized.

Again, Subsidy Definition

Again, a tax reduction is not a "Benefit given" to anyone. Me letting you keep the money you rightfully earned, is not me "giving you a benefit".

That is a ridiculous claim. Yes, I know it's written in your link... and your link is wrong.

Let me put it another way....

Benefits are not dependent on YOU to do something that gives yourself a benefit.

How much of a benefit am I giving you, if you earn no money? Can I take money from you, that you never earned? No.

So if you earn nothing, how is my tax reduction a benefit? It isn't. So is it really a benefit, when it requires you to work hard enough, to get my benefit?

I can't 'subsidize' you with your money. That makes no sense. If you have to earn it, in order for me to give it to you, then it isn't a subsidy.

And if you really believe that every tax deduction is a subsidy, then absolutely everyone in the entire country, from the homeless beggar, to the most wealthy CEO, are all entirely subsidizes. If that's the case, then you have no reason to complain, since everyone everywhere is subsidized.

The fact is that every tax deduction is a subsidy.

Again, a tax reduction is not a "Benefit given" to anyone. Me letting you keep the money you rightfully earned, is not me "giving you a benefit".

That is a ridiculous claim. Yes, I know it's written in your link... and your link is wrong.

Let me put it another way....

Benefits are not dependent on YOU to do something that gives yourself a benefit.

How much of a benefit am I giving you, if you earn no money? Can I take money from you, that you never earned? No.

So if you earn nothing, how is my tax reduction a benefit? It isn't. So is it really a benefit, when it requires you to work hard enough, to get my benefit?

I can't 'subsidize' you with your money. That makes no sense. If you have to earn it, in order for me to give it to you, then it isn't a subsidy.

And if you really believe that every tax deduction is a subsidy, then absolutely everyone in the entire country, from the homeless beggar, to the most wealthy CEO, are all entirely subsidizes. If that's the case, then you have no reason to complain, since everyone everywhere is subsidized.

we can keep repeating each other as much as you want.

 

[Jarlaxle]

Solydra failed because China put them out of business with subsidized solar panels so cheap no one could compete with them.
Solar power is not complicated to most people. Wind power is simple and effective. I think you are jealous that you do not understand the simplicity of the topic.

They failed because they are not market sustainable. Period. That is the simplicity.

Solyndra was a totally new concept in solar panel construction. Why no one has reopened the process they created I do not know?

At a guess: because the price of said panels is not competitive.

 

[Jarlaxle]

So in other words we should had slapped tariffs on those competitors. Something all globalist pigs, from Bush to Obama, balk at.

Slapping tariffs on China is a tax increase on the working class Americans. tRump likes to do that (per Diem deduction) nice $4k - $6k tax increase on company truck drivers.

Trump likes to do, what the people who voted for him, asked him to do.
While I generally agree with your statements about tariffs, your conclusion that Trump is doing it because he likes to tax working people, is absolute ignorance.

Whether your left-wing toddler level mind can handle it or not, Trump was elected on the idea of putting in place tariffs.
Whether the American public understands how tariffs works, and who ends up paying the cost of tariffs, is up for debate. But the fact is, Trump is simply doing what he ran on, and was elected on.

See below!

"I'm doing exactly what you asked me to do!"

Left-wing idiot "See he's fooling everyone... by doing what he was elected to do!"

You prove your stupidity in every post.

Which one of you "poor with credit" wanted your taxes raised?

Not sure about you, but my taxes have gone DOWN.

 

[depotoo]

Another Obama solar initiative bites the dust, but not until after stealing millions from individuals, companies and the US government.

This solar project turned into the largest Ponzi scheme in Eastern California history.

It was reported this week that the owners of a massive solar company turned ponzi scheme were indicted this week in Eastern California. According to the DOJ in Eastern California:


The owners of DC Solar, a Benicia-based company, pleaded guilty today to charges related to a billion dollar Ponzi scheme— the biggest criminal fraud scheme in the history of the Eastern District of California. The government’s investigation has resulted in the largest criminal forfeiture in the history of the District with over $120 million in assets forfeited that will go to victims, and has returned $500 million to the United States Treasury, with more to come, U.S. Attorney McGregor W. Scott announced.

thegatewaypundit.com/2020/01/another-obama-solar-company-burns-out-dc-solar-owners-plead-guilty-to-largest-ponzi-scheme-in-eastern-california-history/

The owners, Jeff and Paulette Carpoff, were BIG Republican contributors.

Funny I can’t find anything on that.

 

[Andylusion]

Another Obama solar initiative bites the dust, but not until after stealing millions from individuals, companies and the US government.

This solar project turned into the largest Ponzi scheme in Eastern California history.

It was reported this week that the owners of a massive solar company turned ponzi scheme were indicted this week in Eastern California. According to the DOJ in Eastern California:


The owners of DC Solar, a Benicia-based company, pleaded guilty today to charges related to a billion dollar Ponzi scheme— the biggest criminal fraud scheme in the history of the Eastern District of California. The government’s investigation has resulted in the largest criminal forfeiture in the history of the District with over $120 million in assets forfeited that will go to victims, and has returned $500 million to the United States Treasury, with more to come, U.S. Attorney McGregor W. Scott announced.

thegatewaypundit.com/2020/01/another-obama-solar-company-burns-out-dc-solar-owners-plead-guilty-to-largest-ponzi-scheme-in-eastern-california-history/

The owners, Jeff and Paulette Carpoff, were BIG Republican contributors.

Funny I can’t find anything on that.

He made it up.

 

[Eric Arthur Blair]

No businesses would exist without government support.

That's bullshit! Still living in the "you didn't build that" bubble of Obama? How sad.