Ronaldj Roach News Today

A Lafayette lawyer for the shuttered DC Solar company at the heart of a nearly $1 billion fraud case has been indicted by a federal grand jury in Sacramento.

Jurors on Oct. 5 returned a 23‑count indictment against Ari J. Lauer, 59, of Lafayette, agreeing there was enough evidence to charge him with conspiracy to commit wire and bank fraud, bank fraud, and wire fraud affecting a financial institution, a U.S. Attorney said.

SACRAMENTO, Calif. (AP) — A former executive of a California solar power company was sentenced Tuesday to 6 1/2 years in prison and ordered to pay nearly $620 million in restitution for his role in a $1 billion fraud scheme, federal prosecutors said.

A former executive of a California solar company was sentenced to six years in prison in a $1 billion fraud scheme. The company operated a Ponzi scheme to repay investors.

A California man who took part in a billion-dollar Ponzi scheme through a fake solar power supply company has been ...