Skip to content

Why was DC solar raided?

Asked by: Jianfen Zangroniz

asked in category: General Last Updated: 5th April, 2020

Why was DC solar raided?

Sparked by a tip from a former employee, the FBI began investigating the owners of DC Solar in July 2018 for potential investment and tax fraud. The search evolved into a criminal case after the FBI raided the solar company’s Benicia headquarters Dec. 18 and seized assets and bank accounts.

In respect to this, why did DC solar get raided?

Sparked by a tip from a former employee, the FBI began investigating the owners of DC Solar in July 2018 for potential investment and tax fraud. The search evolved into a criminal case after the FBI raided the solar company’s Benicia headquarters Dec. 18 and seized assets and bank accounts.

Secondly, is DC solar still in business? Their company, DC Solar, is now out of business, most of its 100-strong workforce unemployed. Their home in Martinez, a sprawling 4,100-square-foot affair, is in foreclosure, the swimming pool littered with leaves.

Hereof, what happened with DC Solar?

DC Solar files for Chapter 11 bankruptcy in wake of raids18 raid on its headquarters and CEO’s home by the Federal Bureau of Investigation and the Internal Revenue Service. The filing includes a declaration by Seth Freeman, the proposed Chief Restructuring Officer for DC Solar, a former sponsor of Chip Ganassi Racing.

What is DC solar?

DC Solar, which was based in Benicia, Calif., supposedly made money by leasing solar generators that power cellphone towers and lighting needed at major sporting events.

8 Related Question Answers Found

Who is Jeff Carpoff?

Is Jeff Carpoff in jail?

What is the output of solar panel AC or DC?

Why is DC current produced from solar panels?

Leave a Reply

Your email address will not be published.