A California attorney who served as outside counsel to DC Solar Solutions Inc. has been charged with facilitating a Ponzi scheme that defrauded investors out of more than $1 billion.
The 23-count indictment, unsealed on Tuesday, charges Ari Lauer with one count of conspiracy to commit wire fraud, 12 counts of bank fraud, and 10 counts of wire fraud affecting a financial institution.
The indictment identifies seven co-conspirators, all of whom have already pleaded guilty to related charges.
DC Solar manufactured mobile solar generators that were sold to investors who then leased the equipment back to DC Solar, so the ...
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