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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.
Ramesh Balwani facing 20 years in prison
A former energy executive in California who took part in a $1-billion solar power fraud that bilked Warren Buffett’s company and many others has been sentenced to six years in federal prison.
A former energy executive in California who took part in $1 billion solar power fraud that bilked Warren Buffett’s company and many others has been sentenced to six years in federal prison