WEBVTT - A Solar-Powered Con Artist: Jeff Carpoff

0:00:00.480 --> 0:00:02.720
<v Speaker 1>Ridiculous Crime. It's a production of iHeartRadio.

0:00:03.560 --> 0:00:07.800
<v Speaker 2>Hello, Elizabeth dutch Zaren, How you doing great? I like

0:00:07.840 --> 0:00:09.639
<v Speaker 2>this sweater. It's nice stripes.

0:00:09.920 --> 0:00:10.560
<v Speaker 3>Yeah, thank you.

0:00:10.800 --> 0:00:13.800
<v Speaker 2>You look like a French sailor nineteenth century.

0:00:14.000 --> 0:00:19.000
<v Speaker 3>Oh yeah, it is sort of right. Yeah. She blows

0:00:19.160 --> 0:00:22.040
<v Speaker 3>a little little lawn and I like your pink sweatshirt.

0:00:22.239 --> 0:00:25.400
<v Speaker 2>Thank you, thank you. It's Muhammad Ali Special. I got

0:00:25.440 --> 0:00:27.000
<v Speaker 2>a question for you. You know what's ridiculous?

0:00:27.160 --> 0:00:30.320
<v Speaker 3>Oh do I what I do? I do know it's ridiculous.

0:00:31.520 --> 0:00:35.519
<v Speaker 3>Do you remember walking into your favorite pizzeria quarters for

0:00:35.560 --> 0:00:40.160
<v Speaker 3>the arcade, infamous red plastic cups, bells, ringing for your order,

0:00:40.280 --> 0:00:41.919
<v Speaker 3>trading tickets for prizes.

0:00:42.200 --> 0:00:42.760
<v Speaker 2>Oh I didn't.

0:00:42.800 --> 0:00:45.720
<v Speaker 3>Hell yeah, these moments weren't just about pizza. They were

0:00:45.720 --> 0:00:48.360
<v Speaker 3>about family, friendship, and happiness.

0:00:48.920 --> 0:00:50.199
<v Speaker 2>You're reading your press, I.

0:00:50.240 --> 0:00:53.120
<v Speaker 3>Am so there's this company you're.

0:00:52.960 --> 0:00:55.200
<v Speaker 2>Like, oh, we walk you down right into the blender.

0:00:55.320 --> 0:00:59.520
<v Speaker 3>There's this company called Bundy called Commerce Perfey, Perfey, perfey.

0:01:00.040 --> 0:01:01.760
<v Speaker 2>Get this perfect perfect.

0:01:01.440 --> 0:01:03.760
<v Speaker 3>The perfect soda is what they make.

0:01:03.880 --> 0:01:05.039
<v Speaker 2>You know, it's right there? Perfect?

0:01:05.040 --> 0:01:09.280
<v Speaker 3>I mean, come on, so they are offering pepperoni pizza soda.

0:01:09.840 --> 0:01:13.920
<v Speaker 3>Oh god, yeah, this is courtesy of Ron Dugod on Instagram.

0:01:14.040 --> 0:01:17.520
<v Speaker 3>It's a great source for these things. Yeah, it's a here,

0:01:17.600 --> 0:01:22.040
<v Speaker 3>let me read you their copy. Listen kid, listen kid,

0:01:22.160 --> 0:01:24.839
<v Speaker 3>sure put my place. Each can of Pepperoni pizza comes

0:01:24.880 --> 0:01:27.760
<v Speaker 3>loaded with just three grams of sugar, thirty calories, and

0:01:27.800 --> 0:01:31.160
<v Speaker 3>a little something extra enough flavor to make Nona shed

0:01:31.200 --> 0:01:33.880
<v Speaker 3>a tear, like a secret recipe from the Old Country.

0:01:34.040 --> 0:01:35.839
<v Speaker 2>Oh you needed to read this with like, hey, listen.

0:01:35.920 --> 0:01:38.880
<v Speaker 3>Can ships the week of two seventeen twenty five. But

0:01:38.920 --> 0:01:39.800
<v Speaker 3>it's already sold out.

0:01:39.840 --> 0:01:40.600
<v Speaker 2>It's already shipped.

0:01:40.640 --> 0:01:43.119
<v Speaker 3>Caffeine, forget about it.

0:01:43.200 --> 0:01:46.399
<v Speaker 2>The energy Gabba Ghoul approved. Oh my goodness, I.

0:01:46.440 --> 0:01:48.080
<v Speaker 3>Know made by Uncle PAULI.

0:01:48.360 --> 0:01:50.520
<v Speaker 2>Really do they really put an Uncle Pauli in the Yeah, it.

0:01:50.480 --> 0:01:56.680
<v Speaker 3>Says shumpulp, I don't know a no sugar added and

0:01:56.720 --> 0:02:00.440
<v Speaker 3>then vegan Vinnie approved. And they don't talk about what

0:02:00.480 --> 0:02:01.240
<v Speaker 3>they don't.

0:02:01.040 --> 0:02:02.920
<v Speaker 2>Have, like a no, we don't sell baked ZD.

0:02:04.320 --> 0:02:08.160
<v Speaker 3>They don't. The don doesn't wear shorts. They don't have.

0:02:08.400 --> 0:02:11.040
<v Speaker 3>They don't explain the flavor profile.

0:02:11.480 --> 0:02:12.400
<v Speaker 2>I don't think they need to.

0:02:12.520 --> 0:02:14.480
<v Speaker 3>So you know what I did. I went digging and

0:02:14.520 --> 0:02:18.280
<v Speaker 3>I found some reviews and basically it apparently tastes like

0:02:18.560 --> 0:02:20.880
<v Speaker 3>carbonated tomato juice.

0:02:21.400 --> 0:02:24.880
<v Speaker 2>Yeah, the head of like spice for the pepperoni.

0:02:26.160 --> 0:02:28.160
<v Speaker 3>It's vegan, so there's no real pepperoni.

0:02:28.200 --> 0:02:30.520
<v Speaker 2>Yeah, but pepperon pepperoni's got a little heat, not like

0:02:30.560 --> 0:02:31.880
<v Speaker 2>a lotty heat.

0:02:32.000 --> 0:02:33.720
<v Speaker 3>A little bit of the oil isn't an oily, So

0:02:33.919 --> 0:02:37.480
<v Speaker 3>totally there you go. I don't know, but the consensus

0:02:37.560 --> 0:02:38.480
<v Speaker 3>was disgusting.

0:02:38.840 --> 0:02:40.480
<v Speaker 2>I bet you know. I was like an oil slick

0:02:40.520 --> 0:02:41.960
<v Speaker 2>on top of my soda.

0:02:42.240 --> 0:02:42.919
<v Speaker 3>It's so good.

0:02:43.240 --> 0:02:45.320
<v Speaker 2>It's not a fish sauce. Can I get a pepperoni?

0:02:45.639 --> 0:02:50.480
<v Speaker 3>And to sum that all up in conclusion, that's ridiculous.

0:02:49.919 --> 0:02:52.280
<v Speaker 2>Elizabeth Zaren, I'm so.

0:02:52.680 --> 0:02:53.839
<v Speaker 3>You know it's ridiculous.

0:02:54.120 --> 0:02:58.160
<v Speaker 2>Yes they do, you know. Okay, listen, but you know

0:02:58.160 --> 0:02:59.919
<v Speaker 2>how sometimes a person will start out with good into

0:03:00.560 --> 0:03:03.480
<v Speaker 2>or at least like innocent intentions me but surprise, surprise,

0:03:03.520 --> 0:03:06.919
<v Speaker 2>it all works out and suddenly you're successful. Then naturally

0:03:07.000 --> 0:03:09.000
<v Speaker 2>you enjoy the success. It feels good, right, you know

0:03:09.000 --> 0:03:10.400
<v Speaker 2>what I mean? So naturally you start I want to

0:03:10.480 --> 0:03:13.839
<v Speaker 2>enjoy greater success because I don't feel even better. Right,

0:03:14.400 --> 0:03:17.080
<v Speaker 2>But since you got lucky in the first place, you

0:03:17.080 --> 0:03:19.840
<v Speaker 2>don't exactly know how to reach greater success. So instead

0:03:20.280 --> 0:03:23.440
<v Speaker 2>you cheat a little, just a little corruption as a treat.

0:03:24.120 --> 0:03:26.200
<v Speaker 2>But then you need to cheat some more to keep

0:03:26.280 --> 0:03:28.520
<v Speaker 2>up right, to keep that ball going. And then soon enough,

0:03:28.560 --> 0:03:31.080
<v Speaker 2>you're cheating all the time. And that, Elizabeth, is when

0:03:31.120 --> 0:03:34.800
<v Speaker 2>you've become your own monster. It's a surprisingly common story.

0:03:34.840 --> 0:03:36.920
<v Speaker 2>It's a human fable we see over and over again.

0:03:37.200 --> 0:03:41.720
<v Speaker 2>Today I have exactly such a fable for you about

0:03:41.760 --> 0:03:45.800
<v Speaker 2>a solar powered wanna be genius who became a solar

0:03:45.840 --> 0:04:11.280
<v Speaker 2>powered monster. This is Ridiculous Crime, a podcast about absurd

0:04:11.360 --> 0:04:16.640
<v Speaker 2>and outrageous capers, heists and cons. It's oh ways nine

0:04:16.800 --> 0:04:20.800
<v Speaker 2>nine percent murder free and one hundred percent ridiculous. Yes

0:04:20.839 --> 0:04:25.000
<v Speaker 2>it is, Elizabeth. What do you know about portable diesel generators?

0:04:25.360 --> 0:04:27.440
<v Speaker 2>They're loud, yes, this is true.

0:04:27.480 --> 0:04:29.440
<v Speaker 3>And you can't run them inside.

0:04:29.760 --> 0:04:31.200
<v Speaker 2>No, that is bad for your health.

0:04:31.240 --> 0:04:34.720
<v Speaker 3>It's bad business, the portable ones. I've known some people

0:04:34.720 --> 0:04:37.200
<v Speaker 3>who live in areas where they lose power lots and

0:04:37.200 --> 0:04:40.880
<v Speaker 3>they get like a permanent one outside totally. But you

0:04:40.920 --> 0:04:44.000
<v Speaker 3>can use it for like powering things and a power outage.

0:04:44.800 --> 0:04:48.520
<v Speaker 3>Construction folks using Yeah, all, you're good at this, pretty good. Yeah?

0:04:48.680 --> 0:04:50.000
<v Speaker 2>Do you know how much they cost for like a

0:04:50.080 --> 0:04:51.360
<v Speaker 2>get you one for personally.

0:04:51.120 --> 0:04:53.080
<v Speaker 3>I'd say like one point six million dollars.

0:04:53.279 --> 0:04:55.440
<v Speaker 2>You're not so good there. Four thousand dollars is get

0:04:55.480 --> 0:04:57.240
<v Speaker 2>your small one personal.

0:04:57.640 --> 0:04:59.680
<v Speaker 3>Exactly costco probably cheap.

0:04:59.520 --> 0:05:01.080
<v Speaker 2>Probably cheap, are you with your membership?

0:05:01.160 --> 0:05:01.400
<v Speaker 3>Yeah?

0:05:01.400 --> 0:05:03.719
<v Speaker 2>Now, one of those big daddy's in the industrial strength

0:05:03.800 --> 0:05:05.920
<v Speaker 2>kind like you'd mentioned about a construction site or say

0:05:05.960 --> 0:05:07.880
<v Speaker 2>like to power a Hollywood set that's out in the

0:05:07.880 --> 0:05:11.000
<v Speaker 2>middle of nowhere, right, that'll set you back about twenty

0:05:11.040 --> 0:05:13.680
<v Speaker 2>grand yikes for entry level and it goes on up

0:05:13.680 --> 0:05:14.279
<v Speaker 2>from there.

0:05:14.240 --> 0:05:15.600
<v Speaker 3>And it's just diesel power.

0:05:15.520 --> 0:05:17.720
<v Speaker 2>Diesel powered. Right now, if you're on a construction site

0:05:17.800 --> 0:05:19.720
<v Speaker 2>or a Hollywood set and you get super used to

0:05:19.760 --> 0:05:23.600
<v Speaker 2>that site of the industrial portable diesel generator, right, typically

0:05:23.600 --> 0:05:25.960
<v Speaker 2>it's a company like Bob Cat or Caterpillar. They'll sell

0:05:25.960 --> 0:05:28.440
<v Speaker 2>you one, the rench you one whatever. In the US,

0:05:28.520 --> 0:05:31.839
<v Speaker 2>I look this up. Portable diesel generators is approaching four

0:05:31.880 --> 0:05:34.400
<v Speaker 2>billion dollars a year as a business billion.

0:05:34.120 --> 0:05:37.000
<v Speaker 3>With a b B. And we know how much a billion.

0:05:36.760 --> 0:05:39.560
<v Speaker 2>Is exactly, it'd be a lot. So it was three

0:05:39.560 --> 0:05:41.880
<v Speaker 2>point six and twenty twenty two, three point seven and

0:05:41.920 --> 0:05:44.760
<v Speaker 2>twenty twenty three three point eight and twenty twenty four

0:05:44.839 --> 0:05:48.440
<v Speaker 2>market is what is growing. It's projected yes, for a

0:05:48.440 --> 0:05:50.480
<v Speaker 2>passing four million in a couple of years. Now, Elizabeth,

0:05:50.520 --> 0:05:53.360
<v Speaker 2>what do you know about portable solar power generators?

0:05:53.720 --> 0:05:56.040
<v Speaker 3>Huh? I actually have.

0:05:56.120 --> 0:05:57.919
<v Speaker 2>Do you have one? It feels like something you would.

0:05:57.760 --> 0:05:58.120
<v Speaker 4>Have to have.

0:05:58.520 --> 0:06:02.440
<v Speaker 3>I have this power bank for emergencies when the power

0:06:03.120 --> 0:06:04.800
<v Speaker 3>you keep it charged up. But it's not like the

0:06:04.839 --> 0:06:06.960
<v Speaker 3>little ones the size of your phone. Do you put

0:06:06.960 --> 0:06:09.480
<v Speaker 3>like this is a big mama, And it's like, I mean,

0:06:09.480 --> 0:06:11.760
<v Speaker 3>it's like the size of like two shoe boxes.

0:06:11.880 --> 0:06:12.400
<v Speaker 2>Oh damn.

0:06:13.240 --> 0:06:16.640
<v Speaker 3>You keep all charged up and then you know I've

0:06:16.640 --> 0:06:20.080
<v Speaker 3>lived through hurricanes or earthquakes. You go without power.

0:06:20.360 --> 0:06:22.039
<v Speaker 2>I don't like that, and you don't. You don't have

0:06:22.080 --> 0:06:23.640
<v Speaker 2>to get ready if you stay ready, and I know

0:06:23.680 --> 0:06:24.160
<v Speaker 2>that your mom.

0:06:24.279 --> 0:06:26.800
<v Speaker 3>I would rather never have to use any of this stuff.

0:06:27.360 --> 0:06:30.200
<v Speaker 3>So you can run a bunch of stuff on it

0:06:30.320 --> 0:06:32.120
<v Speaker 3>so you don't have to go like charge phones in

0:06:32.120 --> 0:06:34.640
<v Speaker 3>the car. But then if it was like, oh this

0:06:34.720 --> 0:06:37.320
<v Speaker 3>is bad, this is gonna go on a while. It

0:06:37.360 --> 0:06:41.800
<v Speaker 3>has a little solar sheet like a panel, sure that

0:06:41.880 --> 0:06:44.080
<v Speaker 3>you set up over it to recharge it.

0:06:44.320 --> 0:06:48.640
<v Speaker 2>That's really nice, very you. It is Yeah, so like

0:06:49.000 --> 0:06:51.440
<v Speaker 2>as you basically pointed out of, a portable solar powdered

0:06:51.520 --> 0:06:56.239
<v Speaker 2>generator is a panel of solar photo voltaic cells attached

0:06:56.279 --> 0:06:58.520
<v Speaker 2>to like a battery and a transformer. They then converts

0:06:58.600 --> 0:07:02.760
<v Speaker 2>the power into usablevoltage. Now there are the industrial portable

0:07:02.880 --> 0:07:05.719
<v Speaker 2>solar powered generators. You get a trailer you can drag

0:07:05.800 --> 0:07:09.240
<v Speaker 2>around a panel of solar fotable Ta excels and that

0:07:09.279 --> 0:07:13.360
<v Speaker 2>will run you about say twenty six grand entry level. Now, Elizabeth,

0:07:13.400 --> 0:07:16.480
<v Speaker 2>you mentioned how loud diesel generators are. Can you imagine

0:07:16.480 --> 0:07:22.200
<v Speaker 2>how silent a solar powered generator. No smell, no smoke, choking, Yeah,

0:07:22.280 --> 0:07:22.800
<v Speaker 2>no pollution.

0:07:22.920 --> 0:07:25.080
<v Speaker 3>Well, and I think it made it's more expensive. But

0:07:25.200 --> 0:07:27.600
<v Speaker 3>you spend a lot of money on diesel totally.

0:07:27.680 --> 0:07:31.880
<v Speaker 2>Yes, hidden costs, yeah, operating costs. Now, about fifteen years ago,

0:07:31.960 --> 0:07:35.160
<v Speaker 2>this dream to create a cheap solar powered diesel generator

0:07:35.240 --> 0:07:37.680
<v Speaker 2>was a dream for commercial interests, Like it became this thing.

0:07:37.680 --> 0:07:39.120
<v Speaker 2>They're like, what if we could kind of do this?

0:07:39.160 --> 0:07:42.160
<v Speaker 2>Everybody was going kind of green. Right, enter our man

0:07:42.160 --> 0:07:44.360
<v Speaker 2>of the hour, Jeff Carpoff's come on.

0:07:44.400 --> 0:07:46.200
<v Speaker 3>Down, Jeff Jeff Carpoffs.

0:07:46.320 --> 0:07:52.960
<v Speaker 2>Carpoff with a singular car like car Poffpoffkarpoff. I could

0:07:52.960 --> 0:07:57.160
<v Speaker 2>be putting emphasis in the wrong place. Maybe Carpoff. Now,

0:07:57.200 --> 0:07:59.400
<v Speaker 2>he is not who you might imagine as a leader

0:07:59.480 --> 0:08:01.840
<v Speaker 2>in the green revolution of the early aughts and the

0:08:01.880 --> 0:08:05.480
<v Speaker 2>twenty teens. Right. He was that rare rebel working in

0:08:05.520 --> 0:08:09.240
<v Speaker 2>the green space who watched Nascar every Saturday. He was

0:08:09.320 --> 0:08:12.000
<v Speaker 2>He enjoyed a chew of tobacco and none of that.

0:08:12.080 --> 0:08:15.520
<v Speaker 2>He didn't spit it. He swallowed it, which is horrendous. Yeah,

0:08:15.560 --> 0:08:19.200
<v Speaker 2>that's like real commitment, doesn't It makes you sick and

0:08:19.200 --> 0:08:20.880
<v Speaker 2>the unless you get used to it with little bits

0:08:20.880 --> 0:08:22.840
<v Speaker 2>and then you can just kind of like stomach a lot.

0:08:22.840 --> 0:08:25.240
<v Speaker 2>I knew guys who did that, but it was not

0:08:25.320 --> 0:08:28.960
<v Speaker 2>healthy anyway. He's from around these parts, like people guys

0:08:29.000 --> 0:08:32.320
<v Speaker 2>I knew Elizabeth. Jeff Karpoff was from Martinez, California.

0:08:32.480 --> 0:08:32.880
<v Speaker 3>Yeah.

0:08:32.960 --> 0:08:34.160
<v Speaker 2>Yeah, you know, when I was a boy and we

0:08:34.280 --> 0:08:36.439
<v Speaker 2>drive into the Bay area, we drive past Martinez and

0:08:36.480 --> 0:08:39.040
<v Speaker 2>you can always tell you're in Martinez from the smell.

0:08:39.280 --> 0:08:39.600
<v Speaker 3>Yeah.

0:08:39.720 --> 0:08:42.040
<v Speaker 2>Now, nothing against Martinez. This is not the town's fault.

0:08:42.040 --> 0:08:44.040
<v Speaker 2>There wasn't like a stinky town. There's a big oil

0:08:44.080 --> 0:08:46.840
<v Speaker 2>and gas refineries that line the hills. Chevron and others.

0:08:46.960 --> 0:08:50.200
<v Speaker 3>He's a green energy guy exactly. That's interesting.

0:08:52.920 --> 0:08:56.559
<v Speaker 2>Sugar sugar totally California, Hawaiian. That's what the CNCH stamps for.

0:08:56.679 --> 0:09:01.640
<v Speaker 2>Look at you your real bay a Martinez being real

0:09:01.679 --> 0:09:03.520
<v Speaker 2>Bay area that you are. What do you mean just

0:09:03.559 --> 0:09:05.280
<v Speaker 2>describe it as a town just so I can imagine.

0:09:05.280 --> 0:09:06.920
<v Speaker 3>You know, I've been there, but I think it's it's

0:09:06.920 --> 0:09:10.080
<v Speaker 3>like a working class town. It's right on the Carquinez

0:09:10.160 --> 0:09:12.480
<v Speaker 3>straight yep. Or it's San Pablo Bay.

0:09:12.559 --> 0:09:14.439
<v Speaker 2>Yeah, you carcinas straight, your crust.

0:09:14.200 --> 0:09:17.920
<v Speaker 3>And it's like you know, it's it's a cool older town.

0:09:18.000 --> 0:09:20.679
<v Speaker 3>You have right across the street is Benetia.

0:09:20.880 --> 0:09:23.680
<v Speaker 2>Yes, we'll also met.

0:09:22.800 --> 0:09:25.480
<v Speaker 3>That used to be a capital of California early day.

0:09:25.679 --> 0:09:26.440
<v Speaker 2>Yes for a little bit.

0:09:26.559 --> 0:09:28.679
<v Speaker 3>I mean, I can just go on, you really can.

0:09:29.200 --> 0:09:31.040
<v Speaker 2>Well, you'll be having to know. Our story starts in

0:09:31.080 --> 0:09:33.760
<v Speaker 2>Martinez in two thousand and seven. At that point, Jeff

0:09:33.800 --> 0:09:36.280
<v Speaker 2>Karpoff is a mechanic. He's a pretty good car mechanic, right,

0:09:36.320 --> 0:09:40.360
<v Speaker 2>but he's not a good businessman. His repair shops multiple

0:09:40.480 --> 0:09:42.560
<v Speaker 2>keep going out of business. He tries a few times,

0:09:42.600 --> 0:09:45.280
<v Speaker 2>and it leads to a personal bankruptcy that results in

0:09:45.320 --> 0:09:47.719
<v Speaker 2>a foreclosure on his home. So there he is in

0:09:47.760 --> 0:09:50.160
<v Speaker 2>two thousand. He's a thirty six year old father of

0:09:50.200 --> 0:09:53.400
<v Speaker 2>two small kids, married, unemployed, A man who's tried his

0:09:53.480 --> 0:09:55.760
<v Speaker 2>hand at owning the American dream a few times and

0:09:55.800 --> 0:09:58.760
<v Speaker 2>walked away bankrupted business failure. A man who's also, by

0:09:58.800 --> 0:10:01.480
<v Speaker 2>the way, kicked a meth habit five years earlier, but

0:10:01.559 --> 0:10:03.880
<v Speaker 2>now has lost the roof that sheltered his family, just

0:10:03.920 --> 0:10:06.679
<v Speaker 2>like he never gave up the habit. So the ups

0:10:06.720 --> 0:10:08.680
<v Speaker 2>and downs for this man are dizzying. So by age

0:10:08.720 --> 0:10:11.679
<v Speaker 2>thirty six, Jeff is a human yo yo. Growing up

0:10:11.679 --> 0:10:14.000
<v Speaker 2>in Martinez, Jeff was used to tough times. Like you said,

0:10:14.000 --> 0:10:16.280
<v Speaker 2>it's a working class town. It's gone through its ups

0:10:16.280 --> 0:10:18.640
<v Speaker 2>and downs as a boy, like his family home was

0:10:18.760 --> 0:10:20.640
<v Speaker 2>right next door to a Hell's Angels.

0:10:20.280 --> 0:10:21.800
<v Speaker 3>Bar that totally track.

0:10:21.880 --> 0:10:23.959
<v Speaker 2>Yeah right, I thought you'd like that. According to Jeff,

0:10:24.000 --> 0:10:28.319
<v Speaker 2>as a boy, he watched quote fights, stabbings, shootings, prostitution,

0:10:28.480 --> 0:10:31.840
<v Speaker 2>all kinds of just really crazy stuff. But he also

0:10:31.920 --> 0:10:34.720
<v Speaker 2>watched his single mother, Rosalie, worked three jobs to take

0:10:34.760 --> 0:10:37.240
<v Speaker 2>care of Jeff and his older sister, and when she

0:10:37.400 --> 0:10:40.840
<v Speaker 2>was faced with hard times, unlike his you know, i'd say,

0:10:40.880 --> 0:10:43.360
<v Speaker 2>after his latest repair shop closed up and he lost

0:10:43.360 --> 0:10:45.720
<v Speaker 2>his family's home. Jeff didn't act like his mother because

0:10:45.720 --> 0:10:48.720
<v Speaker 2>he'd seen her suffer, so instead he went back to drugs,

0:10:48.720 --> 0:10:51.280
<v Speaker 2>but not to doing meth, don't worry. Instead he started

0:10:51.280 --> 0:10:54.520
<v Speaker 2>to sell pot. So specifically, medical marijuana was coming a

0:10:54.559 --> 0:10:56.520
<v Speaker 2>thing at the time. It was still the new market

0:10:56.520 --> 0:10:58.640
<v Speaker 2>in two thousand and seven, kind of wild West market

0:10:58.679 --> 0:11:01.439
<v Speaker 2>where an independent person make their mark and go to

0:11:01.480 --> 0:11:04.280
<v Speaker 2>big profit. So he goes down to another one of

0:11:04.320 --> 0:11:07.760
<v Speaker 2>your old stopping grounds, Santa Cruz. Oh yeah, he tries

0:11:07.800 --> 0:11:11.320
<v Speaker 2>to get into the medical marijuana game there by pot. Yeah,

0:11:11.360 --> 0:11:14.480
<v Speaker 2>exactly right. So but the pot he brought to Santa

0:11:14.480 --> 0:11:16.559
<v Speaker 2>Cruz was rejected by the dispenser.

0:11:16.720 --> 0:11:18.520
<v Speaker 3>Is it bringing coals to Newcastle?

0:11:18.880 --> 0:11:21.720
<v Speaker 2>No not not that's a really good analogy for this one.

0:11:21.760 --> 0:11:24.040
<v Speaker 2>But no, in this case, it was his pot may

0:11:24.040 --> 0:11:26.840
<v Speaker 2>have looked good, but that was the dead giveaway that

0:11:26.880 --> 0:11:29.920
<v Speaker 2>he'd been pumping his pot full of chemicals. And oh,

0:11:30.040 --> 0:11:32.520
<v Speaker 2>that doesn't fly, according to that's according to the founder

0:11:32.559 --> 0:11:35.199
<v Speaker 2>one dispensary. Right, yeah, that doesn't fly. Yeah, So Jeff

0:11:35.280 --> 0:11:37.960
<v Speaker 2>was showing the door. Now this is when fate stepped

0:11:38.000 --> 0:11:40.720
<v Speaker 2>in threw a little action into that. Yo, yo, that

0:11:40.840 --> 0:11:43.480
<v Speaker 2>is Jeff's life. An old customer from one of his

0:11:43.480 --> 0:11:46.880
<v Speaker 2>shuttered repair shops right asked Jeff if he thought he'd

0:11:46.880 --> 0:11:50.160
<v Speaker 2>be any good at a selling solar panels, and this

0:11:50.280 --> 0:11:53.040
<v Speaker 2>leads to a conversation with a neighbors. Jess mulling this

0:11:53.160 --> 0:11:54.560
<v Speaker 2>over at this idea, He's like, well, let's do a

0:11:54.559 --> 0:11:56.439
<v Speaker 2>solar Is that a good thing? Trying to lean into this.

0:11:56.640 --> 0:11:59.520
<v Speaker 2>His neighbor tells him, you know, he would personally love

0:11:59.600 --> 0:12:01.560
<v Speaker 2>to use roller up at his cabin, but you know,

0:12:01.679 --> 0:12:03.760
<v Speaker 2>he always fears it some jerk would steal it while

0:12:03.760 --> 0:12:05.600
<v Speaker 2>he's away, or some kids will break it, so he

0:12:05.600 --> 0:12:08.080
<v Speaker 2>doesn't want to like invest in it. The neighbor says

0:12:08.080 --> 0:12:10.560
<v Speaker 2>he wished what he had was like a portable solar

0:12:10.600 --> 0:12:12.800
<v Speaker 2>power generator he could just take up to the cabin

0:12:12.880 --> 0:12:14.880
<v Speaker 2>with him, use it while he's there, and then bring

0:12:14.880 --> 0:12:18.160
<v Speaker 2>it back. Jeff's like, huh. Gives him an idea, a

0:12:18.240 --> 0:12:22.280
<v Speaker 2>billion dollar idea, Elizabeth. So he draws up this idea,

0:12:22.320 --> 0:12:24.839
<v Speaker 2>he develops it, and then he patents it. The title

0:12:24.880 --> 0:12:27.520
<v Speaker 2>of his patent is simple, straight to the point quote

0:12:27.600 --> 0:12:28.880
<v Speaker 2>trailer with solar panels.

0:12:28.920 --> 0:12:29.600
<v Speaker 3>Oh, I love that?

0:12:29.679 --> 0:12:30.199
<v Speaker 2>Right?

0:12:30.240 --> 0:12:33.240
<v Speaker 3>Itays interesting around this time I had friends who were

0:12:33.280 --> 0:12:36.800
<v Speaker 3>getting into selling and like installing solar oh yeah, because

0:12:36.800 --> 0:12:39.559
<v Speaker 3>they were all like the rebate at tax credits oh yeah,

0:12:39.640 --> 0:12:42.720
<v Speaker 3>yeah yeah. And you look at something like Martinez, it's

0:12:42.800 --> 0:12:46.840
<v Speaker 3>like blue collar sat to the Earth. Yeah, like all

0:12:46.840 --> 0:12:53.520
<v Speaker 3>that area Panol Crockett, Crockett, El seborani El Saw Yeah, amazing,

0:12:53.760 --> 0:12:55.720
<v Speaker 3>amazing folks who just work really hard.

0:12:55.960 --> 0:12:58.400
<v Speaker 2>Totally. I'm a big fan. So I'm pulling for this

0:12:58.440 --> 0:13:01.120
<v Speaker 2>guy at this point in the story. So what does

0:13:01.160 --> 0:13:04.360
<v Speaker 2>this look like this trailer with solar panels? Great question, Elizabeth,

0:13:04.640 --> 0:13:07.600
<v Speaker 2>what does it look like this? I love this energy

0:13:07.640 --> 0:13:11.240
<v Speaker 2>you're bringing. I also, I know you love the text

0:13:11.240 --> 0:13:14.880
<v Speaker 2>specs and the tech talk tech tech techy. So I'll

0:13:14.880 --> 0:13:17.319
<v Speaker 2>put it to you this way. Imagine a flatbed trailer

0:13:17.360 --> 0:13:19.160
<v Speaker 2>that you'd pull behind a car or a truck.

0:13:19.280 --> 0:13:19.600
<v Speaker 3>Right now.

0:13:19.640 --> 0:13:22.040
<v Speaker 2>Imagine that same flatbed trailer. It's like the kind you'd

0:13:22.120 --> 0:13:22.920
<v Speaker 2>runt from like a U.

0:13:22.840 --> 0:13:25.520
<v Speaker 3>Haul, but you'd put like a riding mower up.

0:13:25.760 --> 0:13:28.720
<v Speaker 2>Sure, perfect right, chain it down that time right now.

0:13:28.760 --> 0:13:31.560
<v Speaker 2>Imagine that's covered in solar panels, and at one end

0:13:31.559 --> 0:13:33.559
<v Speaker 2>there's a battery and a transformer box that can turn

0:13:33.600 --> 0:13:37.640
<v Speaker 2>all that sustainable sunlight into steady, reliable electric power. That's

0:13:37.679 --> 0:13:40.360
<v Speaker 2>what he designed, right to have no tech talk.

0:13:40.440 --> 0:13:42.120
<v Speaker 3>Huh like that that made sense to me?

0:13:42.240 --> 0:13:44.480
<v Speaker 2>Now what it looked like a more specific visual terms,

0:13:44.520 --> 0:13:47.480
<v Speaker 2>imagine a ray of two rows of solar panels. Right,

0:13:47.640 --> 0:13:50.600
<v Speaker 2>they're five panels in each row. They're adjustable, which means

0:13:50.600 --> 0:13:52.559
<v Speaker 2>you can anchor them on this rotating arm so you

0:13:52.600 --> 0:13:54.880
<v Speaker 2>can stand them up in a vertical position. He drives

0:13:54.920 --> 0:13:57.199
<v Speaker 2>them out to the location so they don't get damage,

0:13:57.440 --> 0:13:59.439
<v Speaker 2>and then he can put them down and adjust them

0:13:59.480 --> 0:14:02.840
<v Speaker 2>to this angle. Boom, good to go. All right, So

0:14:03.200 --> 0:14:07.080
<v Speaker 2>Jeff calls his new invention the solar Eclipse, an ironic

0:14:07.200 --> 0:14:10.880
<v Speaker 2>name for solar power if you ask me, Yeah, but whatever,

0:14:10.920 --> 0:14:14.960
<v Speaker 2>Yeah it's Jeff. He's a rebel, definitely Elizabeth. So anyway,

0:14:14.960 --> 0:14:17.160
<v Speaker 2>he starts to market and sell his new invention and

0:14:17.160 --> 0:14:20.600
<v Speaker 2>attract investors for this cutting edge technology he got that's

0:14:20.600 --> 0:14:22.720
<v Speaker 2>self sustained solar generators.

0:14:22.800 --> 0:14:22.920
<v Speaker 3>Right.

0:14:22.920 --> 0:14:24.920
<v Speaker 2>People are like, oh, so what happens next for Jeff?

0:14:25.040 --> 0:14:26.680
<v Speaker 3>Yeah, what happens next for Jeff?

0:14:26.720 --> 0:14:29.040
<v Speaker 2>Do things turn around for this crazy kid? Well, his

0:14:29.120 --> 0:14:32.840
<v Speaker 2>new invention. It attracts interest. People immediately see the practicality,

0:14:32.920 --> 0:14:36.720
<v Speaker 2>the market friendly pitch. He's going it's clean green tech, right,

0:14:36.760 --> 0:14:39.400
<v Speaker 2>which is buzzwords in two thousand and seven. This is

0:14:39.480 --> 0:14:42.840
<v Speaker 2>at a time when people were earnestly interested in these things.

0:14:42.880 --> 0:14:45.920
<v Speaker 2>Like it seems so long ago now, right, the energy

0:14:45.960 --> 0:14:48.800
<v Speaker 2>coming into that Obama era of like green tech, which

0:14:49.080 --> 0:14:52.120
<v Speaker 2>interestingly we'll get into later. George W. Bush spearheads this

0:14:52.120 --> 0:14:55.120
<v Speaker 2>whole green energy movement. So anyway, it may not seem

0:14:55.160 --> 0:14:57.520
<v Speaker 2>like this when you're you're there, but Martinez isn't that

0:14:57.560 --> 0:14:59.640
<v Speaker 2>far from the Silicon Valley, so it's like an hour

0:14:59.720 --> 0:15:01.880
<v Speaker 2>drive away, right, And like I said, at this time,

0:15:01.880 --> 0:15:04.280
<v Speaker 2>there's a lot of hype and excitement about the future

0:15:04.320 --> 0:15:07.240
<v Speaker 2>for new green tech, so that the investors come a calling.

0:15:07.760 --> 0:15:10.720
<v Speaker 2>With the backing of initial investors, Jeff he forms his

0:15:10.800 --> 0:15:13.400
<v Speaker 2>company and then the investors they aim their sites at

0:15:13.440 --> 0:15:17.800
<v Speaker 2>Hollywood in a concentrated effort to leverage Hollywood's desire to

0:15:17.880 --> 0:15:19.960
<v Speaker 2>go green. And they want to get you know, pats

0:15:19.960 --> 0:15:22.479
<v Speaker 2>on the head from like that Al Gore inspired environmental

0:15:22.560 --> 0:15:23.280
<v Speaker 2>activists of.

0:15:23.280 --> 0:15:24.960
<v Speaker 3>The early adds Leo DiCaprio.

0:15:26.560 --> 0:15:30.080
<v Speaker 2>Oh you just hold that thought, Elizabeth. So the solar power, right,

0:15:30.120 --> 0:15:32.480
<v Speaker 2>it's supposed to be, Oh, it's not loud, it's not gross,

0:15:32.480 --> 0:15:34.920
<v Speaker 2>it doesn't pollute Hollywood. People love it. And then for

0:15:35.040 --> 0:15:38.400
<v Speaker 2>far off locations it's perfect right, free energy from the sun.

0:15:38.760 --> 0:15:40.800
<v Speaker 2>So I think it sells itself right. And for me

0:15:41.000 --> 0:15:44.000
<v Speaker 2>it's quiet there when I know you love that. So

0:15:44.040 --> 0:15:46.400
<v Speaker 2>one of the early Hollywood types to get involved is

0:15:46.520 --> 0:15:49.960
<v Speaker 2>Heart Backner. Now this actor offers to throw his Hollywood

0:15:50.040 --> 0:15:52.760
<v Speaker 2>muscle behind them to help promote Karpoff's new green tech.

0:15:52.760 --> 0:15:56.520
<v Speaker 2>And you, Elizabeth, you may be thinking heart Backner. I

0:15:56.520 --> 0:15:58.680
<v Speaker 2>don't know that name. What Hollywood muscle does a whole

0:15:58.720 --> 0:15:59.120
<v Speaker 2>heart have?

0:15:59.440 --> 0:16:00.560
<v Speaker 3>Is that like his birth name?

0:16:00.560 --> 0:16:03.120
<v Speaker 2>And his real name is no? You know his work?

0:16:03.280 --> 0:16:06.560
<v Speaker 2>Or rather, I'm confident you'd recognize him from one specific role.

0:16:07.320 --> 0:16:10.680
<v Speaker 2>You remember Diehard? Yeah? Do you remember the slimy bearded

0:16:10.760 --> 0:16:13.040
<v Speaker 2>cokehead Harry Ellis who tries to cut a deal with

0:16:13.040 --> 0:16:15.480
<v Speaker 2>Hans Krueber. Ellis says, and I quote, this will probably

0:16:15.480 --> 0:16:18.360
<v Speaker 2>throw you back. Hey, babe, I negotiate million dollar deals

0:16:18.400 --> 0:16:20.600
<v Speaker 2>for breakfast. I think I can handle this euro trash.

0:16:20.640 --> 0:16:21.160
<v Speaker 2>That's him?

0:16:21.320 --> 0:16:23.320
<v Speaker 3>Or is he the guy standing behind that guy?

0:16:23.480 --> 0:16:26.720
<v Speaker 2>No, Bauyo, that's Heart. So he's the one who tries

0:16:26.760 --> 0:16:30.080
<v Speaker 2>to throw his Hollywood muscle behind a rt H A

0:16:30.200 --> 0:16:32.440
<v Speaker 2>R T Yeah, bachner bo c HN.

0:16:32.440 --> 0:16:36.000
<v Speaker 3>I don't know why I'm getting wanting. Yeah, spellings, I

0:16:36.000 --> 0:16:36.240
<v Speaker 3>don't know.

0:16:36.840 --> 0:16:39.440
<v Speaker 2>I'm happy to help him provide them. So anyway, Jeff

0:16:39.440 --> 0:16:41.600
<v Speaker 2>and he they're like, yeah, let's do this, let's take

0:16:41.640 --> 0:16:44.240
<v Speaker 2>over Hollywood. So I with that, Elizabeth, I'd like to

0:16:44.240 --> 0:16:47.240
<v Speaker 2>take a little break these messages. I'll tell you about

0:16:47.240 --> 0:16:50.520
<v Speaker 2>where Jeff takes his solar powered dreams of Hollywood. And yes,

0:16:50.680 --> 0:16:55.560
<v Speaker 2>Leonardo DiCaprio gets involved.

0:16:52.920 --> 0:17:15.040
<v Speaker 4>All right, Elizabeth, we're back.

0:17:15.600 --> 0:17:16.399
<v Speaker 2>So where were we?

0:17:17.480 --> 0:17:19.159
<v Speaker 3>You were telling me about how he was going to

0:17:19.240 --> 0:17:20.439
<v Speaker 3>take Hollywood by storm.

0:17:20.600 --> 0:17:23.280
<v Speaker 2>That's right, Jeff takes Hollywood. Yeah, okay, and I promise

0:17:23.359 --> 0:17:24.920
<v Speaker 2>you Leonardo DiCaprio would.

0:17:24.720 --> 0:17:26.639
<v Speaker 3>Enter the picture theo Lecaprio.

0:17:26.840 --> 0:17:29.800
<v Speaker 2>Well, he does, he does right now. So in twenty ten,

0:17:29.880 --> 0:17:32.639
<v Speaker 2>DiCaprio gives this interview about his latest film, a Little

0:17:32.640 --> 0:17:35.359
<v Speaker 2>Diddy called Inception. You may have heard of it, the

0:17:35.440 --> 0:17:38.919
<v Speaker 2>Christopher Nolan film that was proudly made with solar power.

0:17:39.240 --> 0:17:41.760
<v Speaker 2>According to DiCaprio, well, it was like twenty percent of it.

0:17:41.800 --> 0:17:45.440
<v Speaker 2>But anyway, He gave an interview to the Philippine Daily

0:17:45.480 --> 0:17:48.639
<v Speaker 2>Inquirer in which I love the press junkets. What are

0:17:48.680 --> 0:17:51.639
<v Speaker 2>you going to do right, so Leo said, and I quote,

0:17:51.760 --> 0:17:53.800
<v Speaker 2>A lot of this movie was made with solar power.

0:17:53.880 --> 0:17:55.920
<v Speaker 2>It's the first movie I got to do with solar power.

0:17:56.000 --> 0:17:58.160
<v Speaker 2>I had a conversation about it with Alan Horn, who's

0:17:58.160 --> 0:18:00.520
<v Speaker 2>the head of Warner Brothers. The generation that we had

0:18:00.560 --> 0:18:02.920
<v Speaker 2>on the set were all powered by solar energy. It's

0:18:02.920 --> 0:18:05.160
<v Speaker 2>gonna be a big conversion to do stuff like that

0:18:05.320 --> 0:18:07.800
<v Speaker 2>every day, not just in making movies, but everything in

0:18:07.840 --> 0:18:08.640
<v Speaker 2>the world.

0:18:08.760 --> 0:18:10.960
<v Speaker 3>So Leo DiCaprio is so spot on.

0:18:11.240 --> 0:18:15.160
<v Speaker 2>He's like, really gangbusters about this right now. The reason

0:18:15.200 --> 0:18:19.160
<v Speaker 2>why this well known environmentalist obviously so geeked unportable solar

0:18:19.200 --> 0:18:22.399
<v Speaker 2>power is obvious, but he still expresses it to the

0:18:22.480 --> 0:18:25.520
<v Speaker 2>Philippine Daily Inquirer for those catching up in twenty ten,

0:18:26.119 --> 0:18:27.480
<v Speaker 2>we do a lot of things in the world that

0:18:27.480 --> 0:18:30.200
<v Speaker 2>are wasteful. We keep talking about this all the time. Hopefully,

0:18:30.400 --> 0:18:33.480
<v Speaker 2>fingers crossed, with these small steps, we'll make that transition

0:18:33.640 --> 0:18:36.520
<v Speaker 2>on a much larger scale in the future. It got

0:18:36.520 --> 0:18:37.399
<v Speaker 2>bad news from the future.

0:18:37.520 --> 0:18:37.720
<v Speaker 4>Leo.

0:18:39.400 --> 0:18:42.520
<v Speaker 3>Listen, no, I know you had good intentions, buddy, but.

0:18:43.840 --> 0:18:47.480
<v Speaker 2>This fingers still crossed. Brother. So guy's on fire. I'm

0:18:47.480 --> 0:18:48.600
<v Speaker 2>on your side this.

0:18:48.720 --> 0:18:51.439
<v Speaker 3>Yeah, no, I'm even pushing.

0:18:51.520 --> 0:18:54.080
<v Speaker 2>But Elizabeth, this is obviously not what happens. We do

0:18:54.119 --> 0:18:57.200
<v Speaker 2>have portable solar generators now, but that green energy has

0:18:57.240 --> 0:19:01.120
<v Speaker 2>not become the industry standard because of scammer like Jeff Carpoff.

0:19:01.320 --> 0:19:02.560
<v Speaker 3>Oh, I wouldn't put it squarely.

0:19:02.880 --> 0:19:06.160
<v Speaker 2>Oh just hold that thought. Oh. The story of Jeff

0:19:06.359 --> 0:19:09.240
<v Speaker 2>low Key pisses me off because I agree with Leo

0:19:09.400 --> 0:19:11.480
<v Speaker 2>that we like what he's talking about. We need green tech,

0:19:11.520 --> 0:19:14.200
<v Speaker 2>we need green sustainable tech, all right. This guy is

0:19:14.240 --> 0:19:16.440
<v Speaker 2>a big part of the reason why we don't because

0:19:16.920 --> 0:19:19.920
<v Speaker 2>him and a couple other cylinders. Another example, the green

0:19:19.960 --> 0:19:22.320
<v Speaker 2>tech has had its moment, and then that moment is

0:19:22.400 --> 0:19:25.720
<v Speaker 2>largely over in the public's imagination now because of there

0:19:25.720 --> 0:19:28.760
<v Speaker 2>were so many green tech scams. Yeah, wasted the tax

0:19:28.800 --> 0:19:31.480
<v Speaker 2>credits that they got, They wasted the chance to actually

0:19:31.560 --> 0:19:35.080
<v Speaker 2>establish it. Instead, we got a solar power energy industry,

0:19:35.240 --> 0:19:37.639
<v Speaker 2>and that's it pretty much. It should have been a

0:19:37.680 --> 0:19:40.360
<v Speaker 2>lot bigger, It's my point. Anyway, How exactly did our

0:19:40.760 --> 0:19:44.280
<v Speaker 2>zero of the day, Jeff go bad? Well? By twenty ten,

0:19:44.320 --> 0:19:47.240
<v Speaker 2>his company was now called DC Solar, and he detracted

0:19:47.240 --> 0:19:51.359
<v Speaker 2>the attention of industrial investors at this point, like US Bank, Right,

0:19:52.119 --> 0:19:55.560
<v Speaker 2>companies like Sherwin Williams, the paint company. Yeah, both of them.

0:19:55.880 --> 0:20:00.400
<v Speaker 2>They could see the potential for this commercial like application. Right.

0:20:00.520 --> 0:20:03.080
<v Speaker 2>So soon now he's got big money interest. What does

0:20:03.119 --> 0:20:06.520
<v Speaker 2>Carpoff do? Well, Jeff makes the curious choice to raise

0:20:06.560 --> 0:20:10.000
<v Speaker 2>the price for his portable solar generators. New starting price

0:20:10.040 --> 0:20:13.879
<v Speaker 2>one hundred and fifty thousand dollars per portable generator trade?

0:20:14.560 --> 0:20:16.480
<v Speaker 3>How much was it before? Was twenty grand?

0:20:16.480 --> 0:20:18.520
<v Speaker 2>One hundred thousand is what he was telling investors before.

0:20:18.520 --> 0:20:22.479
<v Speaker 2>It's fifty thousand dollars. Now he's basically added fifty percent.

0:20:23.040 --> 0:20:25.400
<v Speaker 2>So but with all this initial interest, why not make

0:20:25.440 --> 0:20:27.840
<v Speaker 2>even more of each sale? Thought the man who couldn't

0:20:27.840 --> 0:20:29.200
<v Speaker 2>make a mechanic shop work.

0:20:29.280 --> 0:20:30.240
<v Speaker 3>How about volume?

0:20:30.800 --> 0:20:34.520
<v Speaker 4>So anyway, yeah, right, Jeff, he has a Martinez Martinez.

0:20:34.600 --> 0:20:37.600
<v Speaker 2>Yes, come on. So he's got a rental scheme in mind.

0:20:37.600 --> 0:20:39.080
<v Speaker 2>That's where he thinks there's a real money. He's like

0:20:39.119 --> 0:20:41.600
<v Speaker 2>these these trailers could be rented out at like eighteen

0:20:41.680 --> 0:20:44.359
<v Speaker 2>hundred dollars a month. And again, there's more to the scheme.

0:20:44.359 --> 0:20:47.520
<v Speaker 2>He's got a scheme right, specifically, he told his investors

0:20:47.680 --> 0:20:51.119
<v Speaker 2>will make big profits off government buy a tax credits.

0:20:51.640 --> 0:20:53.159
<v Speaker 2>In other ways, he found a way to melk the

0:20:53.240 --> 0:20:57.040
<v Speaker 2>US taxpayers. It's a surprisingly common business strategy really, just

0:20:57.080 --> 0:20:57.920
<v Speaker 2>ask Elon Musk.

0:20:58.000 --> 0:20:58.200
<v Speaker 3>Yeah.

0:20:58.480 --> 0:21:01.000
<v Speaker 2>Anyway, the story goes in two thousand and five, the

0:21:01.080 --> 0:21:05.040
<v Speaker 2>George W. Bush ERAIC Congress approved tax credits for green

0:21:05.240 --> 0:21:08.320
<v Speaker 2>energy investment. Right, it was a big deal. This business

0:21:08.320 --> 0:21:11.359
<v Speaker 2>could now reduce their federal taxes by thirty percent for

0:21:11.480 --> 0:21:14.639
<v Speaker 2>every dollar they spent on green energy. So this this

0:21:14.720 --> 0:21:17.080
<v Speaker 2>moment in US history right when Solvent Energy was first

0:21:17.160 --> 0:21:19.920
<v Speaker 2>blowing up as a big business. Interestingly, it was under

0:21:19.960 --> 0:21:22.640
<v Speaker 2>a Republican president. I think that's notable, right, And that's

0:21:22.680 --> 0:21:24.840
<v Speaker 2>also how it became a real deal industry, and that's

0:21:24.840 --> 0:21:26.880
<v Speaker 2>why industry gets behind it. Now. It seems like it's

0:21:26.960 --> 0:21:27.800
<v Speaker 2>not like a like.

0:21:27.760 --> 0:21:30.480
<v Speaker 3>Oh, we're going to do a thing job creating, because

0:21:30.480 --> 0:21:33.119
<v Speaker 3>that's what they put these finite resources that we're going

0:21:33.200 --> 0:21:35.920
<v Speaker 3>to run out of we need anyway.

0:21:35.720 --> 0:21:37.480
<v Speaker 2>It's an obvious thing. So they were trying to make

0:21:37.480 --> 0:21:39.080
<v Speaker 2>the smart play and business are trying to get him

0:21:39.080 --> 0:21:41.000
<v Speaker 2>on board, and then Jeff was their partner for it.

0:21:41.000 --> 0:21:43.320
<v Speaker 2>Because they didn't understand this stuff. They didn't know how

0:21:43.400 --> 0:21:44.439
<v Speaker 2>to pick we got.

0:21:44.359 --> 0:21:46.800
<v Speaker 3>Jack and I'm Jeff exactly.

0:21:47.000 --> 0:21:49.800
<v Speaker 2>So this federal cash it's splashing around in the green

0:21:49.920 --> 0:21:52.359
<v Speaker 2>energy space and excites the interest of the corrupt and

0:21:52.400 --> 0:21:54.600
<v Speaker 2>the criminal minded because they see a ton of free

0:21:54.600 --> 0:21:58.000
<v Speaker 2>money for anyone with a halfway decent green energy proposal.

0:21:58.280 --> 0:22:00.240
<v Speaker 2>Back to Jeff, who has, by the way, is the

0:22:00.280 --> 0:22:02.520
<v Speaker 2>same thing, but he's got the perfect product ready to

0:22:02.560 --> 0:22:04.960
<v Speaker 2>take advantage of all this free cast. So his solar

0:22:05.040 --> 0:22:08.639
<v Speaker 2>generators are a picture perfect tax credit scheme aimed at

0:22:08.640 --> 0:22:13.399
<v Speaker 2>big corporations, because they'll say, you know, essentially he worked basically,

0:22:13.440 --> 0:22:15.000
<v Speaker 2>I'll put it to you this way. His big steel

0:22:15.040 --> 0:22:17.920
<v Speaker 2>works out that the mega corporations looking to lessen their

0:22:17.960 --> 0:22:21.040
<v Speaker 2>tax bill, they could determine how much they wanted to save,

0:22:21.280 --> 0:22:23.960
<v Speaker 2>and then they could buy exactly that many solar generators

0:22:23.960 --> 0:22:26.679
<v Speaker 2>from Jeff's company, DC's solar Then all they need to

0:22:26.680 --> 0:22:28.520
<v Speaker 2>do is put down a deposit, because he's doing like

0:22:28.600 --> 0:22:32.639
<v Speaker 2>a lease buy agreement thing that's equal to thirty percent

0:22:32.680 --> 0:22:35.760
<v Speaker 2>of the generator's cost, and then the corporation could deduct

0:22:35.800 --> 0:22:38.520
<v Speaker 2>from their tax bill the exact amount based on the

0:22:38.520 --> 0:22:41.560
<v Speaker 2>green investment tax credits incentive. So what this means is

0:22:41.760 --> 0:22:44.280
<v Speaker 2>the corporations wanted to play ball, but didn't want to

0:22:44.280 --> 0:22:46.600
<v Speaker 2>buy the solar generators. They could lease them in a

0:22:46.680 --> 0:22:48.879
<v Speaker 2>long term deal. That way, they never have to touch them,

0:22:48.960 --> 0:22:52.160
<v Speaker 2>maintain them, move them around anything. They have him bring

0:22:52.200 --> 0:22:54.239
<v Speaker 2>them out whenever they need them, which they never really do.

0:22:54.280 --> 0:22:56.600
<v Speaker 2>They're just getting the investment credit the entire time. They

0:22:56.680 --> 0:22:59.520
<v Speaker 2>just stays on the books. And then so they have

0:22:59.600 --> 0:23:01.399
<v Speaker 2>the tax credit in a long term deal. Now they

0:23:01.440 --> 0:23:05.800
<v Speaker 2>can write off thirty percent of their budget every year. Boom,

0:23:05.920 --> 0:23:08.720
<v Speaker 2>this huge deal. So twenty eleven, DC Solar starts signing

0:23:08.760 --> 0:23:11.720
<v Speaker 2>deals with corporations like Sherwin Williams. Two months after the

0:23:11.760 --> 0:23:14.119
<v Speaker 2>ink on that deal drives, Jeff buys himself a million

0:23:14.119 --> 0:23:17.040
<v Speaker 2>dollar home. Boom. He's like ready to enjoy life. He

0:23:18.080 --> 0:23:21.280
<v Speaker 2>buys a home on a hill in Martinez. Yeah, the

0:23:21.280 --> 0:23:23.320
<v Speaker 2>mansion has in a gated community, has like a six

0:23:23.400 --> 0:23:27.360
<v Speaker 2>car garage, all a guest cottage. Jeff's finally made good.

0:23:27.400 --> 0:23:29.840
<v Speaker 2>Now he's looking down in his hometown. So there were

0:23:29.840 --> 0:23:33.359
<v Speaker 2>signs though that not all was as it appeared, because

0:23:33.359 --> 0:23:35.240
<v Speaker 2>when the fall came, but Sherwin Williams came to the

0:23:35.320 --> 0:23:38.400
<v Speaker 2>DC Solar production facility to inspect their purchases that they're

0:23:38.400 --> 0:23:40.879
<v Speaker 2>not going to really take possession of DC solar sales

0:23:40.920 --> 0:23:44.120
<v Speaker 2>executives who are there to show him these things. They

0:23:44.200 --> 0:23:46.600
<v Speaker 2>noticed that there's a little bit of a fiction, okay,

0:23:46.640 --> 0:23:49.320
<v Speaker 2>a lot of fiction hiding behind the impressive face of

0:23:49.359 --> 0:23:52.760
<v Speaker 2>the presentation. So basically, the generators put out in the

0:23:52.800 --> 0:23:56.720
<v Speaker 2>front row look great, that first row, after that, every

0:23:56.800 --> 0:23:58.400
<v Speaker 2>other row not fully assembled.

0:23:59.200 --> 0:24:02.639
<v Speaker 3>Oh yes, it's like a British bakeoff. You if you

0:24:02.680 --> 0:24:04.000
<v Speaker 3>mess up, you put the good stuff.

0:24:04.119 --> 0:24:06.280
<v Speaker 2>Yeah, except two thirds of the generators are just there

0:24:06.320 --> 0:24:09.320
<v Speaker 2>like they they don't work, They're just there to look good.

0:24:09.359 --> 0:24:11.119
<v Speaker 2>Like there it is. There's another one. You can count

0:24:11.119 --> 0:24:13.360
<v Speaker 2>them basically though, it's the wheels and all the panels.

0:24:13.800 --> 0:24:16.520
<v Speaker 2>So anyway, Jeff, he gets confronted by a sales exec

0:24:16.600 --> 0:24:18.679
<v Speaker 2>about this, and Jeff tells them, you don't worry about that.

0:24:18.800 --> 0:24:20.040
<v Speaker 3>Huh, I don't worry.

0:24:20.040 --> 0:24:23.520
<v Speaker 2>Pretty sales exec quit right, So now good for them, Yeah,

0:24:23.560 --> 0:24:24.920
<v Speaker 2>good guy, they had their integrity.

0:24:25.080 --> 0:24:25.280
<v Speaker 3>Yeah.

0:24:25.280 --> 0:24:27.159
<v Speaker 2>No, there's something I haven't mentioned yet. Jeff was a

0:24:27.160 --> 0:24:30.440
<v Speaker 2>car mechanic, but not a solar engineer. Like he literally

0:24:30.520 --> 0:24:32.399
<v Speaker 2>had no idea what he was doing. Yeah, but he

0:24:32.440 --> 0:24:35.240
<v Speaker 2>didn't let that stop I'm Elizabeth. He set his sights

0:24:35.240 --> 0:24:37.560
<v Speaker 2>on bigger and bigger come ups, right, So I remember

0:24:37.600 --> 0:24:39.560
<v Speaker 2>I told you he and his initial investors and that

0:24:39.720 --> 0:24:42.480
<v Speaker 2>the guy from die Hard wanted to leverage the potential

0:24:42.880 --> 0:24:46.320
<v Speaker 2>portable solar generators for on set shoots for Hollywood. While

0:24:46.320 --> 0:24:49.800
<v Speaker 2>they start focusing on that totally right, if it really

0:24:49.840 --> 0:24:53.280
<v Speaker 2>was a legit thing. So what was their next move?

0:24:53.359 --> 0:24:56.280
<v Speaker 2>Like other than like whatever movie Leonardo DiCaprio was working on?

0:24:56.320 --> 0:24:58.600
<v Speaker 2>Next like other than him? Where there they go? Well,

0:24:58.640 --> 0:25:01.760
<v Speaker 2>they branch out, they start conn other productions. Okay, But

0:25:01.840 --> 0:25:03.960
<v Speaker 2>rather than me tell you about that, Elizabeth, I'd like

0:25:04.000 --> 0:25:05.680
<v Speaker 2>to take you there, which means I'd like you to

0:25:05.680 --> 0:25:09.760
<v Speaker 2>close your eyes. I'd like you to picture it. Elizabeth.

0:25:10.520 --> 0:25:13.560
<v Speaker 2>It's a warm and sunny day, the arisoft, the sunlight

0:25:13.600 --> 0:25:16.359
<v Speaker 2>on your face warms your cheeks as you watch Steve

0:25:16.440 --> 0:25:20.199
<v Speaker 2>Carrell shove a chocolate Eclaire into his gaping maw. The

0:25:20.280 --> 0:25:23.879
<v Speaker 2>beloved comedic actor pushes pastry into his pie hole like

0:25:23.920 --> 0:25:26.920
<v Speaker 2>he's getting paid to eat, but he's not. He's actually

0:25:26.920 --> 0:25:29.560
<v Speaker 2>getting paid to wait. Welcome to the hurry up and

0:25:29.600 --> 0:25:32.120
<v Speaker 2>wait world of life on a film set. You are

0:25:32.160 --> 0:25:35.040
<v Speaker 2>currently sitting near craft services, nibbling on a protein bar

0:25:35.400 --> 0:25:37.360
<v Speaker 2>that you pulled out of your pocket, which is why

0:25:37.400 --> 0:25:40.359
<v Speaker 2>you're watching Steve Carell maw down on chocolate he Claire's.

0:25:40.359 --> 0:25:43.440
<v Speaker 2>He's now working on his second apparently Steve Carell's stress eats.

0:25:43.760 --> 0:25:45.840
<v Speaker 2>The stress is coming from the fact that the film

0:25:45.880 --> 0:25:48.920
<v Speaker 2>set for the new movie Alexander in The Terrible, Horrible,

0:25:48.960 --> 0:25:52.399
<v Speaker 2>No Good, very Bad Day is currently stalled, waiting for

0:25:52.480 --> 0:25:55.000
<v Speaker 2>the power to come back on. You were supposed to

0:25:55.000 --> 0:25:57.520
<v Speaker 2>be a set photographer working as a favor for a friend,

0:25:58.080 --> 0:25:59.640
<v Speaker 2>but you thought there would be a camera on set

0:25:59.640 --> 0:26:01.280
<v Speaker 2>for you to not that you had to bring your

0:26:01.280 --> 0:26:03.840
<v Speaker 2>own gear, so you were fired within the first hour.

0:26:04.119 --> 0:26:06.840
<v Speaker 2>But since it's an outdoor shoot far from anywhere that

0:26:06.840 --> 0:26:09.920
<v Speaker 2>resembles civilization, you've had to stay on set the whole day,

0:26:10.600 --> 0:26:13.359
<v Speaker 2>and then solar power generator blew out and the sets

0:26:13.400 --> 0:26:15.160
<v Speaker 2>all shut down. So now you're waiting for the shooting

0:26:15.200 --> 0:26:16.880
<v Speaker 2>day to be called and for the shuttles to arrive

0:26:16.960 --> 0:26:18.680
<v Speaker 2>so you can catch a lift back to the parking lot,

0:26:18.720 --> 0:26:21.639
<v Speaker 2>which is a couple miles away. But from what you

0:26:21.760 --> 0:26:24.520
<v Speaker 2>just heard from a passing ad walking and talking into

0:26:24.520 --> 0:26:27.880
<v Speaker 2>a walkie talkie, answering the questions of the gaffer aka

0:26:27.920 --> 0:26:31.320
<v Speaker 2>the electrician for the film set. A generator must have blown.

0:26:31.520 --> 0:26:33.719
<v Speaker 2>That's why the lights cut out and plunged the outdoor

0:26:33.760 --> 0:26:37.840
<v Speaker 2>shoot into unscheduled darkness. So you follow another star as

0:26:37.880 --> 0:26:41.000
<v Speaker 2>she makes her way to craft services. It's Jennifer Garner.

0:26:41.400 --> 0:26:44.200
<v Speaker 2>She wears a sweet smile on her face despite the delay.

0:26:44.560 --> 0:26:47.960
<v Speaker 2>Soon enough, Megan Malayally joins her at the craft services table.

0:26:48.160 --> 0:26:50.760
<v Speaker 2>The two actresses pick over the options. Jennifer Garner goes

0:26:50.800 --> 0:26:53.760
<v Speaker 2>for a yogurt. Megan Malayali ops for gummy bears and

0:26:53.760 --> 0:26:56.919
<v Speaker 2>a banana. You wait to grab some more food. You

0:26:57.000 --> 0:26:58.680
<v Speaker 2>don't want to crowd the stars. You know you're not

0:26:58.720 --> 0:27:00.640
<v Speaker 2>supposed to, but you also want to get it's something deep.

0:27:00.640 --> 0:27:02.720
<v Speaker 2>You've been on the set for about twelve hours. When

0:27:02.720 --> 0:27:05.920
<v Speaker 2>you see Meghan Malayley walk away, you pop up. Before

0:27:05.960 --> 0:27:08.640
<v Speaker 2>you've taken three steps towards craft services table, you see

0:27:08.720 --> 0:27:11.920
<v Speaker 2>Donald Glover. He's headed there too. This movie has someone

0:27:11.960 --> 0:27:14.680
<v Speaker 2>for everyone, you think before you take a wide turn

0:27:14.720 --> 0:27:17.240
<v Speaker 2>and peel off. Now you wait some more. It takes

0:27:17.280 --> 0:27:20.120
<v Speaker 2>Donald Glover forever to decide what he wants to eat.

0:27:20.160 --> 0:27:22.920
<v Speaker 2>How hard could it be Donald, you think to yourself.

0:27:22.920 --> 0:27:25.879
<v Speaker 2>You're getting angry. You can feel it. Donald Glover finally

0:27:25.920 --> 0:27:29.280
<v Speaker 2>decides on a blow pop candy. He walks off. You

0:27:29.320 --> 0:27:31.560
<v Speaker 2>don't delay. You head for craft services. But would you

0:27:31.560 --> 0:27:34.280
<v Speaker 2>believe it? Jennifer Coolidge pops up out of nowhere. It's

0:27:34.320 --> 0:27:37.200
<v Speaker 2>headed for it. You guessed it, the craft services table.

0:27:37.400 --> 0:27:39.520
<v Speaker 2>You have got to be kidding me, you think to yourself.

0:27:39.520 --> 0:27:41.600
<v Speaker 2>But again you peel off and give way to the

0:27:41.720 --> 0:27:44.919
<v Speaker 2>latest hungry star. Jennifer Coolidge is quick to pick out

0:27:44.960 --> 0:27:47.560
<v Speaker 2>some cookies and an energy drink. Smart choice, you think,

0:27:47.720 --> 0:27:49.439
<v Speaker 2>But then she puts the cookies back and ops for

0:27:49.480 --> 0:27:52.159
<v Speaker 2>a granola bar and some strawberries. But she changes her

0:27:52.160 --> 0:27:54.359
<v Speaker 2>mind again. She puts the granola bar back. You're like

0:27:54.359 --> 0:27:58.000
<v Speaker 2>a kid who desperately needs to pee. You're standing in place, squirming, waiting,

0:27:58.320 --> 0:28:02.359
<v Speaker 2>humming to yourself. Meanwhile, Jennifer Coolidge finally decides to take

0:28:02.400 --> 0:28:05.200
<v Speaker 2>a box of cereal into the strawberries and the energy drink.

0:28:05.320 --> 0:28:08.600
<v Speaker 2>She walks away. You practically speed walk like one of

0:28:08.640 --> 0:28:11.520
<v Speaker 2>those Olympic hip swingers, towards the craft services table, but

0:28:11.800 --> 0:28:14.879
<v Speaker 2>a first ad catches you halfway there. She's got good news.

0:28:15.119 --> 0:28:17.520
<v Speaker 2>The solar power generators are a bust. They're going to

0:28:17.560 --> 0:28:19.240
<v Speaker 2>be called the day. Turns out it was a hair

0:28:19.359 --> 0:28:21.520
<v Speaker 2>dryer that tripped the brake or shut down the solar

0:28:21.520 --> 0:28:25.320
<v Speaker 2>power generators. Who knew the first ad says, thankfully, the

0:28:25.359 --> 0:28:27.119
<v Speaker 2>shuttles will be here in ten minutes. You can go

0:28:27.160 --> 0:28:29.400
<v Speaker 2>with her to the drop off site, so you never

0:28:29.440 --> 0:28:31.919
<v Speaker 2>get to grab a snack. Instead, you curse whoever it

0:28:32.040 --> 0:28:35.160
<v Speaker 2>was that made those stupid solar power generators. As you're

0:28:35.200 --> 0:28:37.520
<v Speaker 2>led off to the shuttles, but wait on the way,

0:28:37.560 --> 0:28:39.920
<v Speaker 2>you see another star from the set of this movie.

0:28:40.040 --> 0:28:43.480
<v Speaker 2>It's mixed Dick van Dyke. And when the genial old

0:28:43.520 --> 0:28:46.080
<v Speaker 2>actress sees you, he gives you this big smile. The

0:28:46.160 --> 0:28:49.680
<v Speaker 2>old trooper is unbothered by shooting, delays, his smile stays

0:28:49.720 --> 0:28:53.480
<v Speaker 2>with you. Oh, Dick van Dyke. So there you go, Elizabeth.

0:28:53.920 --> 0:28:56.000
<v Speaker 2>That's how it went day for me, right, finally a

0:28:56.040 --> 0:28:59.400
<v Speaker 2>fun day. That's how it went when the solar power

0:28:59.480 --> 0:29:03.520
<v Speaker 2>generators were actually put to use a Yeah that was

0:29:03.560 --> 0:29:06.000
<v Speaker 2>actually a true story. Yeah, Pink had the same thing

0:29:06.000 --> 0:29:08.000
<v Speaker 2>when she did use them for a concert on MTV.

0:29:08.120 --> 0:29:13.320
<v Speaker 2>They were so Luckily for Carpoff, his usagees are actually

0:29:13.360 --> 0:29:15.080
<v Speaker 2>kind of rare. So most of the time the companies

0:29:15.120 --> 0:29:17.480
<v Speaker 2>were fine but just holding the leases on their books

0:29:17.520 --> 0:29:20.720
<v Speaker 2>and taking the tax credit. That kept things simple. And

0:29:20.560 --> 0:29:23.560
<v Speaker 2>then came the first whiffs of real trouble. The IRS

0:29:23.640 --> 0:29:26.640
<v Speaker 2>started making noise that tax credits could be denied if

0:29:26.680 --> 0:29:30.880
<v Speaker 2>the generators weren't actually being used. That was bad days, right,

0:29:30.920 --> 0:29:33.840
<v Speaker 2>totally total, because the tax credit was really what Karpoff

0:29:33.960 --> 0:29:36.800
<v Speaker 2>was selling, and his buyers didn't really want his solar generators.

0:29:36.800 --> 0:29:39.720
<v Speaker 2>So what does Carpoff do next? Elizabeth, Well, is it

0:29:39.760 --> 0:29:42.600
<v Speaker 2>time to fold up shop again, declare bankruptcy, and walk

0:29:42.640 --> 0:29:45.120
<v Speaker 2>away from yet another failed business? Way to go, Jeff,

0:29:45.680 --> 0:29:49.680
<v Speaker 2>not this time, Sister. Twenty twelve, Jeff met with his accountant,

0:29:49.800 --> 0:29:52.920
<v Speaker 2>Ronald Roach and the company's general counsel are A Lauer,

0:29:53.120 --> 0:29:55.160
<v Speaker 2>and the question he ran by them was quite simple,

0:29:55.280 --> 0:29:58.000
<v Speaker 2>right to the point, what if they mixed their funds

0:29:58.040 --> 0:29:59.920
<v Speaker 2>and they used money from the purchases of new gen

0:30:00.040 --> 0:30:02.400
<v Speaker 2>narrators to pay for the missing lease money for their

0:30:02.440 --> 0:30:05.360
<v Speaker 2>earlier deals they just kept this thing going. In other words,

0:30:05.400 --> 0:30:08.560
<v Speaker 2>what if we did a Ponzi game? So, but in

0:30:08.600 --> 0:30:10.080
<v Speaker 2>this case, the one who would be left holding the

0:30:10.120 --> 0:30:14.440
<v Speaker 2>bag would be us. Taxpayers, no loss. That was the argument. Yeah, Tota,

0:30:14.600 --> 0:30:17.360
<v Speaker 2>perfect magic trick for tax cheats. Now they could keep

0:30:17.360 --> 0:30:19.760
<v Speaker 2>the money rolling in with new clients like T Mobile

0:30:19.840 --> 0:30:22.600
<v Speaker 2>and Disney, and they did. So this this Ponzi scheme

0:30:23.240 --> 0:30:26.480
<v Speaker 2>calmed the financial waters. But there was one other huge

0:30:26.600 --> 0:30:30.520
<v Speaker 2>problem for DC Solar. Jeff was never the perfect person

0:30:30.600 --> 0:30:33.480
<v Speaker 2>to be a leader in this new green energy space,

0:30:33.520 --> 0:30:36.120
<v Speaker 2>you know. I kind of pointed that out earlier, like, well, okay.

0:30:36.160 --> 0:30:39.320
<v Speaker 2>For instance, they shot a promotional video with him, and

0:30:39.360 --> 0:30:41.600
<v Speaker 2>the crew from marketing was like, yeah, let's have you

0:30:41.640 --> 0:30:43.440
<v Speaker 2>would be the face of talk right. So he's there

0:30:43.480 --> 0:30:45.800
<v Speaker 2>on camera and Jeff He's got pre written lines like

0:30:45.920 --> 0:30:48.680
<v Speaker 2>gass holding up the Q cards and Jeff is trying

0:30:48.680 --> 0:30:50.640
<v Speaker 2>and this is how it goes. He's like, uh, we

0:30:50.720 --> 0:30:54.840
<v Speaker 2>strive for a healthier planet by offering unique solar products

0:30:54.840 --> 0:30:59.360
<v Speaker 2>that I can't remember what the son of a Wow.

0:31:00.040 --> 0:31:01.600
<v Speaker 2>He go hit it like a shot at tequila to

0:31:01.600 --> 0:31:03.920
<v Speaker 2>call down because that's probably the answer, and then he

0:31:04.040 --> 0:31:07.400
<v Speaker 2>try again. So this debacle leads to the hiring of

0:31:07.480 --> 0:31:09.760
<v Speaker 2>John Miranda. There's a guy from Hollywood. He's hired to

0:31:09.760 --> 0:31:12.080
<v Speaker 2>help out as a communications director. We'll just smooth things

0:31:12.080 --> 0:31:14.400
<v Speaker 2>out with the communications director. His first day on the job.

0:31:14.440 --> 0:31:16.840
<v Speaker 2>He pulls up to DC Solar. He sees a muscle

0:31:16.880 --> 0:31:19.920
<v Speaker 2>car parked in the handicapped spot out front getting its

0:31:19.920 --> 0:31:24.200
<v Speaker 2>oil changed by some employee. You know who car it was. No,

0:31:24.320 --> 0:31:27.080
<v Speaker 2>he's not handicapped. So then comes the news that Jeff

0:31:27.120 --> 0:31:29.480
<v Speaker 2>wants to launch a brand partnership to bring more attention

0:31:29.560 --> 0:31:32.120
<v Speaker 2>to DC Solar. Right, get them out ahead, So he

0:31:32.160 --> 0:31:34.480
<v Speaker 2>tells the new comms director he wants to become a

0:31:34.520 --> 0:31:39.320
<v Speaker 2>big time sponsor for you guessed it, NASCAR because nothing

0:31:39.400 --> 0:31:42.080
<v Speaker 2>says screen energy like NASCAR.

0:31:42.360 --> 0:31:44.080
<v Speaker 3>Beginning, I was pulling for this.

0:31:44.000 --> 0:31:46.280
<v Speaker 2>Right, didn't it flip real quick? So he wanted to

0:31:46.280 --> 0:31:48.080
<v Speaker 2>see his company's name painted on the skin of a

0:31:48.120 --> 0:31:51.080
<v Speaker 2>stock car. He loves this man, Come on, he loves Nascar,

0:31:51.120 --> 0:31:54.160
<v Speaker 2>Elizabeth loves gas guzzlin muscle cars. Now he's a rich guy.

0:31:54.160 --> 0:31:56.560
<v Speaker 2>He collects cars. He by the way, he had a

0:31:56.560 --> 0:31:59.720
<v Speaker 2>seventy eight trans Am Firebird, just like the one from

0:31:59.720 --> 0:32:01.680
<v Speaker 2>Smokey and the Band. In fact, even better than that,

0:32:01.720 --> 0:32:05.800
<v Speaker 2>it was personally owned by good old boy Burt Reynolds himself. Jeff.

0:32:05.800 --> 0:32:08.640
<v Speaker 2>He also had another iconic Southern good old boy dream car,

0:32:08.720 --> 0:32:13.160
<v Speaker 2>he bought himself a general Lee a Dodge Chargers of course, Elizabeth,

0:32:13.680 --> 0:32:14.480
<v Speaker 2>anyway back to.

0:32:14.560 --> 0:32:18.320
<v Speaker 3>Generally a big old house and Martinez.

0:32:17.880 --> 0:32:21.360
<v Speaker 2>Yes, so anyway back to NASCAR sponsor deal. Jeff wants

0:32:21.400 --> 0:32:24.200
<v Speaker 2>to spend millions of the company's money to associate his

0:32:24.280 --> 0:32:28.680
<v Speaker 2>clean green energy company with the most easily identifiable, anti green,

0:32:29.160 --> 0:32:32.200
<v Speaker 2>most polluting sport there is, you know, like completely anyway,

0:32:32.440 --> 0:32:34.680
<v Speaker 2>so that's what happens. DC Solar ends up on stock

0:32:34.720 --> 0:32:38.320
<v Speaker 2>cars for NASCAR. This no way, Oh yeah, So somehow though,

0:32:38.360 --> 0:32:41.800
<v Speaker 2>this works for from twenty eleven on for about eight years,

0:32:41.800 --> 0:32:44.600
<v Speaker 2>he's able to keep this long con going along the

0:32:44.640 --> 0:32:48.000
<v Speaker 2>way he sings the national anthem in a baseball game, Yes,

0:32:48.040 --> 0:32:52.360
<v Speaker 2>like other Texo who knows. I did not watch his performance. No,

0:32:52.720 --> 0:32:55.960
<v Speaker 2>Jeff watches the value of his company just balloon into

0:32:56.000 --> 0:33:00.760
<v Speaker 2>a billion dollar business. It's this ridiculous moment in American history, Elizabeth. Yes,

0:33:00.920 --> 0:33:02.800
<v Speaker 2>they couldn't tell it at the time because everyone was

0:33:02.800 --> 0:33:05.000
<v Speaker 2>making too much money and getting accolades for how green

0:33:05.040 --> 0:33:07.360
<v Speaker 2>they were. And so by the time d C Solar

0:33:07.560 --> 0:33:10.960
<v Speaker 2>is worth two point five billion dollars, Jeff is now

0:33:10.960 --> 0:33:14.240
<v Speaker 2>a fully formed, fully corrupt monster of his own making yeah, sure, right,

0:33:14.400 --> 0:33:16.120
<v Speaker 2>and he leans into it at this point. So now

0:33:16.120 --> 0:33:18.320
<v Speaker 2>he's got a red pickup truck lifted and he drives

0:33:18.320 --> 0:33:21.040
<v Speaker 2>around as a newly minted billionaire and his red truck

0:33:21.120 --> 0:33:24.600
<v Speaker 2>blast the star spangled banner from speakers aimed out at

0:33:24.600 --> 0:33:27.280
<v Speaker 2>the world. What yeah, but no, but even better in

0:33:27.320 --> 0:33:29.600
<v Speaker 2>Las Vegas, he has had this custom chopper built for

0:33:29.680 --> 0:33:31.959
<v Speaker 2>him on a TV show, and he had the motorcycle

0:33:31.960 --> 0:33:34.840
<v Speaker 2>painted with an American theme, like on the gas tanks

0:33:34.840 --> 0:33:37.840
<v Speaker 2>of flags and eagles. And Jeff told the bike builder

0:33:37.960 --> 0:33:40.120
<v Speaker 2>the tanks, I want, look the statue of liberty holding

0:33:40.120 --> 0:33:42.360
<v Speaker 2>the flag and the flag blowing in the wind. I

0:33:42.480 --> 0:33:44.640
<v Speaker 2>want the Constitution on the backfender.

0:33:45.040 --> 0:33:47.240
<v Speaker 3>We the people the Constitution.

0:33:47.880 --> 0:33:54.000
<v Speaker 2>Okay, yeah, anyway, and does.

0:33:54.600 --> 0:33:57.520
<v Speaker 3>Everyone just talks about how Idiocracy was a documentary.

0:33:57.640 --> 0:34:01.360
<v Speaker 2>Oh yeah, this exhibit A. So meanwhile, there was this

0:34:01.480 --> 0:34:04.560
<v Speaker 2>actual nation and its taxpayers who were bank rolling all

0:34:04.600 --> 0:34:06.720
<v Speaker 2>of this exactly fraud, wasting abuse.

0:34:06.840 --> 0:34:09.040
<v Speaker 3>And there are kids who like have no school lunch.

0:34:09.120 --> 0:34:10.359
<v Speaker 3>But no, Jeff's got a lift.

0:34:10.880 --> 0:34:12.920
<v Speaker 2>We're paying for this. So the irs is about to

0:34:12.960 --> 0:34:14.880
<v Speaker 2>expose all the rot at the core of this new

0:34:14.960 --> 0:34:17.200
<v Speaker 2>multi billion dollar business. I don't want you wearing Elizabeth.

0:34:17.480 --> 0:34:19.920
<v Speaker 2>But in twenty fifteen, Jeff spoke with the VP of

0:34:19.960 --> 0:34:23.480
<v Speaker 2>Operations for DC Solar. He had a strange request. He's like,

0:34:23.480 --> 0:34:25.799
<v Speaker 2>you want to know if the VP could generate, you know,

0:34:25.880 --> 0:34:27.960
<v Speaker 2>some fake paperwork. You know, I just wanted to get

0:34:28.040 --> 0:34:30.759
<v Speaker 2>us patched up a little hole. It's for tax purposes.

0:34:30.920 --> 0:34:33.399
<v Speaker 2>He said, he needed fake paperwork. They made it look

0:34:33.440 --> 0:34:36.520
<v Speaker 2>like on paper T Mobile was leasing a thousand solar

0:34:36.560 --> 0:34:39.160
<v Speaker 2>generators for a term of a decade at about a

0:34:39.239 --> 0:34:42.600
<v Speaker 2>rate of you know, thirteen million dollars. So you know,

0:34:42.719 --> 0:34:45.080
<v Speaker 2>so all told that's an annual rate. It's all told

0:34:45.080 --> 0:34:46.880
<v Speaker 2>it will be one hundred and thirty million dollar deal.

0:34:47.040 --> 0:34:50.600
<v Speaker 2>And so the VP of Operations was like, I don't know, man,

0:34:50.880 --> 0:34:52.440
<v Speaker 2>I don't know if I can do that. Jeff's like,

0:34:52.480 --> 0:34:54.080
<v Speaker 2>what if I gave you a million dollars? The guy

0:34:54.160 --> 0:34:56.160
<v Speaker 2>was like, well, He's like, what if I gave you

0:34:56.200 --> 0:34:58.919
<v Speaker 2>and the guy you find to sign the paperwork from

0:34:58.960 --> 0:35:02.080
<v Speaker 2>T Mobile of him million dollars too? Now? How you doing?

0:35:02.200 --> 0:35:04.520
<v Speaker 2>Guy's like, I could probably find a guy. I got

0:35:04.520 --> 0:35:07.120
<v Speaker 2>a friend a tea mobile. Turns out that at that price,

0:35:07.200 --> 0:35:10.000
<v Speaker 2>this VP was able to look past in the ethical lapses.

0:35:10.239 --> 0:35:12.880
<v Speaker 2>He did find someone from T Mobile, a fellow executive,

0:35:12.920 --> 0:35:16.320
<v Speaker 2>a foreign navy veteran, a man who once had integrity.

0:35:16.320 --> 0:35:19.759
<v Speaker 2>I think now you know his price. He's willing to

0:35:19.800 --> 0:35:22.680
<v Speaker 2>set it aside for one million dollars. Ethics over to

0:35:22.719 --> 0:35:25.040
<v Speaker 2>the left exactly. So this keeps the I R s

0:35:25.080 --> 0:35:27.319
<v Speaker 2>away for a little while longer. So how long can

0:35:27.360 --> 0:35:31.640
<v Speaker 2>Jeff find wielding stooges willing to race jail time in

0:35:31.760 --> 0:35:35.600
<v Speaker 2>service of his long con? Great question, Elizabeth. Well, just

0:35:35.640 --> 0:35:37.759
<v Speaker 2>like his fake investments and deals, he would need a

0:35:37.800 --> 0:35:40.879
<v Speaker 2>steady stream of suckers to sell their ethics out at

0:35:40.960 --> 0:35:43.320
<v Speaker 2>market rate. Yeah, okay, let's take a little break and

0:35:43.400 --> 0:35:47.200
<v Speaker 2>after these smooth, cool, watery ads, we'll be back and

0:35:47.200 --> 0:36:11.399
<v Speaker 2>see how this whole scam goes. Put Boy, Elizabeth, it's

0:36:11.480 --> 0:36:15.319
<v Speaker 2>twenty sixteen now, Oh yeah, the long con scam that

0:36:15.440 --> 0:36:18.200
<v Speaker 2>is known as d C Stolar is still a rollin.

0:36:18.680 --> 0:36:21.359
<v Speaker 2>Jeff Carpoff is still at it, and this is when

0:36:21.400 --> 0:36:24.920
<v Speaker 2>things start to really go off the rails. At first,

0:36:24.960 --> 0:36:27.600
<v Speaker 2>they enter into a deal with the car insurance giant Geico.

0:36:28.480 --> 0:36:31.880
<v Speaker 2>One interesting wrinkle about that Elizabeth. Geico is owned by

0:36:31.960 --> 0:36:35.319
<v Speaker 2>Warren Buffett's company Berkshire Hathaway. Is it known for it's

0:36:35.440 --> 0:36:38.839
<v Speaker 2>really you know, sober and smart minded investment strategy. Yeah,

0:36:39.000 --> 0:36:43.000
<v Speaker 2>he's also he is no stranger to a tax credit. Also,

0:36:43.040 --> 0:36:43.879
<v Speaker 2>in the twenty.

0:36:43.600 --> 0:36:46.480
<v Speaker 3>Teams, you don't become a billionaire.

0:36:46.080 --> 0:36:49.319
<v Speaker 2>Without sucking off the government. Teat oh welfare them.

0:36:49.440 --> 0:36:51.600
<v Speaker 3>I was gonna say, you gotta get your welfare totally.

0:36:51.640 --> 0:36:53.560
<v Speaker 2>Now. In the twenty Teams, Warren Buffett was all in

0:36:53.600 --> 0:36:56.840
<v Speaker 2>on the green energy green tech, in particular solar energy.

0:36:56.880 --> 0:37:00.200
<v Speaker 2>He was cuckoo for coconuts at it. Okay, we're this

0:37:00.239 --> 0:37:03.800
<v Speaker 2>is not just conjecture. At twenty seventeen shareholders meeting, Warren

0:37:03.800 --> 0:37:06.719
<v Speaker 2>Buffett told investors, quote, somebody walks it in with a

0:37:06.719 --> 0:37:09.680
<v Speaker 2>solar project tomorrow and it takes a billion dollars or

0:37:09.680 --> 0:37:12.120
<v Speaker 2>it takes three billion, We're ready to do it, and

0:37:12.160 --> 0:37:16.840
<v Speaker 2>the more the better. So all in right there somebody

0:37:16.920 --> 0:37:19.320
<v Speaker 2>who walked in with a deal. It was Jeff Karpoff

0:37:19.360 --> 0:37:22.280
<v Speaker 2>with DC Solar. So he walked in with a solar project,

0:37:22.320 --> 0:37:24.560
<v Speaker 2>and they're like, oh, true to form, Geico was down

0:37:24.560 --> 0:37:26.680
<v Speaker 2>to do business just like the big Boss had ordered.

0:37:27.160 --> 0:37:29.319
<v Speaker 2>So right up until Jeff tried to rush the deal though,

0:37:29.480 --> 0:37:32.759
<v Speaker 2>so In response, the chief financial officer for Geico said

0:37:32.760 --> 0:37:35.000
<v Speaker 2>at the time, quote, if there's a way out of

0:37:35.040 --> 0:37:36.120
<v Speaker 2>this deal, take it.

0:37:36.400 --> 0:37:36.799
<v Speaker 3>Oh wow.

0:37:36.960 --> 0:37:39.440
<v Speaker 2>But big Boss Warren Buffett was all in on solar,

0:37:39.480 --> 0:37:41.279
<v Speaker 2>so everyone was like, oh, we got to ink the deal.

0:37:41.320 --> 0:37:43.759
<v Speaker 2>So Geico inks the deal. Price tag one point two

0:37:43.760 --> 0:37:48.399
<v Speaker 2>billion dollars for portable solar power generators, and no one

0:37:48.440 --> 0:37:50.799
<v Speaker 2>thinks that it will become suspicious about this.

0:37:51.239 --> 0:37:53.760
<v Speaker 3>How many could there possibly back to where.

0:37:53.560 --> 0:37:56.560
<v Speaker 2>Are you cornering the market? Like, are you buying all

0:37:56.640 --> 0:37:57.520
<v Speaker 2>of the solar.

0:37:57.320 --> 0:37:59.120
<v Speaker 3>Power seperators the taco trucks?

0:37:59.280 --> 0:38:01.759
<v Speaker 2>Is Geythard now distributing them to their customers?

0:38:02.080 --> 0:38:02.279
<v Speaker 3>Yeah?

0:38:03.120 --> 0:38:05.480
<v Speaker 2>So the real deal was tax credits. They would save

0:38:05.600 --> 0:38:08.160
<v Speaker 2>Geico three hundred and seventy seven million dollars on their

0:38:08.200 --> 0:38:12.200
<v Speaker 2>tax bill, all thanks to Jeff's Carpoff's scamming American taxpayers

0:38:12.239 --> 0:38:14.759
<v Speaker 2>with this federal tax credit. So, with this influx at

0:38:14.760 --> 0:38:17.319
<v Speaker 2>one point two billion on the books, DC Solder now

0:38:17.400 --> 0:38:21.640
<v Speaker 2>moves to headquarters in Benetia, that's right, former capital of

0:38:21.719 --> 0:38:24.319
<v Speaker 2>California for a full thirteen months. If you were from

0:38:24.400 --> 0:38:26.480
<v Speaker 2>eighteen fifty three to eighteen fifty four, had to look

0:38:26.520 --> 0:38:28.920
<v Speaker 2>that up. I'm as good as you on the California history.

0:38:29.320 --> 0:38:32.160
<v Speaker 2>So this then it basically as you described. It's a

0:38:32.160 --> 0:38:34.440
<v Speaker 2>small industrial town on the other side of the carkeenas

0:38:34.440 --> 0:38:35.680
<v Speaker 2>straight from Martinez.

0:38:35.760 --> 0:38:35.800
<v Speaker 5>No.

0:38:36.200 --> 0:38:39.160
<v Speaker 2>DC Solar love it. Yeah, by one of my best

0:38:39.200 --> 0:38:41.160
<v Speaker 2>friends grew up there, spent a bunch of time there,

0:38:41.239 --> 0:38:43.200
<v Speaker 2>so like he would take me around and show me

0:38:43.280 --> 0:38:45.360
<v Speaker 2>like the good sides of it. Yeah, it's helpfool to

0:38:45.400 --> 0:38:48.560
<v Speaker 2>have a local Anyways. DC Solar had a huge pile

0:38:48.600 --> 0:38:50.800
<v Speaker 2>of orders for new generators now because it got the

0:38:50.840 --> 0:38:53.040
<v Speaker 2>one point two billion dollar deal plus all their previous

0:38:53.080 --> 0:38:55.239
<v Speaker 2>deals that they've you know, but if you visited the

0:38:55.280 --> 0:38:57.839
<v Speaker 2>production facility, you'd have no idea that was the case.

0:38:58.080 --> 0:39:00.719
<v Speaker 2>There was no sense of urgency, No business is getting done,

0:39:00.760 --> 0:39:02.919
<v Speaker 2>No like we're rolling them out, cranking them out. It's

0:39:02.920 --> 0:39:05.880
<v Speaker 2>just like three guys walking around probably on break. They

0:39:05.920 --> 0:39:08.560
<v Speaker 2>look like they're on break. So the generator factory, there's

0:39:08.560 --> 0:39:10.359
<v Speaker 2>no rush at all. Right, Jeff has a different plan.

0:39:10.440 --> 0:39:13.160
<v Speaker 2>He has his company focusing on the least business, where

0:39:13.200 --> 0:39:15.399
<v Speaker 2>that's much easier to fake with paperwork and they don't

0:39:15.440 --> 0:39:17.600
<v Speaker 2>have to actually build all those solar generators that are

0:39:17.640 --> 0:39:19.960
<v Speaker 2>such a problem. So he and his team come up

0:39:20.000 --> 0:39:22.560
<v Speaker 2>with his fresh con. They send the buyers a report

0:39:22.719 --> 0:39:26.720
<v Speaker 2>from an independent engineer that details the portable solar generators

0:39:26.760 --> 0:39:31.120
<v Speaker 2>that they least, identifying them by their DMV vehicle identification numbers.

0:39:31.160 --> 0:39:35.480
<v Speaker 2>They're vin except the independent engineer was Jeff's high school buddy,

0:39:35.920 --> 0:39:39.400
<v Speaker 2>Joseph Bayliss. So the real deal is between twenty eleven

0:39:39.440 --> 0:39:43.400
<v Speaker 2>and twenty eighteen, DC Solar sold seventeen thousand generators at

0:39:43.440 --> 0:39:47.480
<v Speaker 2>that inflated price, and that same time they built six thousand.

0:39:47.760 --> 0:39:49.719
<v Speaker 2>So you can kind of see a little problem they're building, like, yeah,

0:39:50.280 --> 0:39:53.239
<v Speaker 2>not quite one to three exactly. So for those folks

0:39:53.280 --> 0:39:56.080
<v Speaker 2>who bought solar generators, Jeff obviously I said he had

0:39:56.120 --> 0:39:59.920
<v Speaker 2>got his different strategy than actually delivering what they purchase. Instead,

0:40:00.280 --> 0:40:03.600
<v Speaker 2>he offers to ware house their generators and deliver them

0:40:03.840 --> 0:40:07.279
<v Speaker 2>whenever and wherever they're needed, and to make that all

0:40:07.360 --> 0:40:10.120
<v Speaker 2>work out with his limited number of solar generators. What

0:40:10.200 --> 0:40:12.880
<v Speaker 2>this means is all these companies owned these same generators

0:40:13.280 --> 0:40:15.799
<v Speaker 2>and he just peels off the ven numbers and puts

0:40:15.880 --> 0:40:19.080
<v Speaker 2>them ven numbers according to what is on the paperwork,

0:40:19.160 --> 0:40:20.680
<v Speaker 2>like let's make sure we've got it this, And so

0:40:20.760 --> 0:40:23.080
<v Speaker 2>they put the bag of VN numbers. They pop them

0:40:23.120 --> 0:40:25.000
<v Speaker 2>all off, they label them, and they put them in

0:40:25.000 --> 0:40:26.520
<v Speaker 2>another bag, and they take the other bag and they

0:40:26.560 --> 0:40:28.279
<v Speaker 2>put them all back on and they drive out to

0:40:28.320 --> 0:40:28.680
<v Speaker 2>the spot.

0:40:28.800 --> 0:40:29.200
<v Speaker 3>Oh wow.

0:40:29.360 --> 0:40:31.520
<v Speaker 2>Yeah. So if there's some pain in the neck buyer

0:40:31.560 --> 0:40:34.160
<v Speaker 2>who wanted evidence that their solar generators were actually in

0:40:34.280 --> 0:40:36.680
<v Speaker 2>the field where they said they would be, Jeff had

0:40:36.680 --> 0:40:38.560
<v Speaker 2>an answer for that. He would send his team out

0:40:38.600 --> 0:40:41.560
<v Speaker 2>with a GPS transponder and then he'd have them bury

0:40:41.680 --> 0:40:43.600
<v Speaker 2>that there and then when they would look on the

0:40:43.640 --> 0:40:45.399
<v Speaker 2>app and they oh, look, see there it is. There's

0:40:45.480 --> 0:40:47.120
<v Speaker 2>your there's problem solved.

0:40:47.520 --> 0:40:49.800
<v Speaker 3>There are no generators.

0:40:49.320 --> 0:40:52.160
<v Speaker 2>There, just no just a GPS transponder buried in the

0:40:52.600 --> 0:40:55.560
<v Speaker 2>tag in the dirt, and so it's out there, don't

0:40:55.600 --> 0:40:58.440
<v Speaker 2>you worry. So sometimes he actually would have to deliver

0:40:58.560 --> 0:41:02.440
<v Speaker 2>solar generators for the prickly customers who would drive out

0:41:02.560 --> 0:41:05.239
<v Speaker 2>to the far out location and check for themselves or

0:41:05.400 --> 0:41:07.920
<v Speaker 2>actually show up and need and need it. They're oh,

0:41:07.920 --> 0:41:09.759
<v Speaker 2>I've got actual plans to use this I.

0:41:09.800 --> 0:41:12.720
<v Speaker 3>Thing that they have to be generating power for something.

0:41:12.840 --> 0:41:15.439
<v Speaker 2>Yeah. So actually, so in that case, then he would

0:41:15.480 --> 0:41:17.839
<v Speaker 2>have his team bust their butts. They'd have to actually work,

0:41:18.160 --> 0:41:20.359
<v Speaker 2>and then they would get the generators and then get

0:41:20.360 --> 0:41:24.759
<v Speaker 2>the trailers to the location. Whoo, problem solved now. Jeff, though,

0:41:25.120 --> 0:41:27.440
<v Speaker 2>even though he's taking these problems all one at the time,

0:41:27.760 --> 0:41:29.399
<v Speaker 2>he's got a much bigger problem he doesn't know about,

0:41:29.440 --> 0:41:30.920
<v Speaker 2>and it came in the form of three letters the

0:41:31.080 --> 0:41:34.879
<v Speaker 2>IRS twenty sixteen. The RS is now investigating DC Solar

0:41:34.960 --> 0:41:38.080
<v Speaker 2>for its Hainky accounting practices, its abuses of the tax

0:41:38.160 --> 0:41:40.800
<v Speaker 2>credit program. Then the IRS is they're good at what

0:41:40.880 --> 0:41:42.560
<v Speaker 2>they do, so they go and it doesn't take it

0:41:42.640 --> 0:41:44.759
<v Speaker 2>long to figure out the DC Solar is selling its

0:41:44.840 --> 0:41:47.439
<v Speaker 2>portable solar generators for about one hundred and fifty grand.

0:41:47.880 --> 0:41:49.920
<v Speaker 2>That's not hard. They put that out there right. Then

0:41:49.960 --> 0:41:52.360
<v Speaker 2>the IRS determines that if you were actually to go

0:41:52.520 --> 0:41:55.640
<v Speaker 2>by say market rate based on materials, manufacturing costs, a

0:41:55.680 --> 0:41:59.200
<v Speaker 2>reasonable up charge, the portable solar generator was more like

0:41:59.320 --> 0:42:02.200
<v Speaker 2>a thirteen brand. He's selling it for one hundred and

0:42:02.200 --> 0:42:06.080
<v Speaker 2>fifty thousand and taking a tax credit one hundred fifty

0:42:06.120 --> 0:42:08.799
<v Speaker 2>thousand as opposed to thirteen thousand, So that's one hundred

0:42:08.800 --> 0:42:10.960
<v Speaker 2>and twenty seven thousand dollars markup, right, But the IRS

0:42:11.400 --> 0:42:14.280
<v Speaker 2>is focused on the tax credit which is they're getting

0:42:14.440 --> 0:42:17.440
<v Speaker 2>forty five thousand dollars as a tax credit for each

0:42:17.600 --> 0:42:20.560
<v Speaker 2>generator that's purchased in or least in a long term

0:42:20.680 --> 0:42:24.319
<v Speaker 2>deal instead of the three thousand, nine hundred dollars tax

0:42:24.400 --> 0:42:27.080
<v Speaker 2>credit they should be getting. So for those not good

0:42:27.120 --> 0:42:29.719
<v Speaker 2>at math like me, that's eleven point five times more

0:42:29.840 --> 0:42:33.000
<v Speaker 2>valuable as a tax credit. Yeah, free money, free money.

0:42:33.239 --> 0:42:36.439
<v Speaker 2>So while the IRS does its due diligence and looks

0:42:36.440 --> 0:42:39.920
<v Speaker 2>after the American taxpayers money, the Obama administration wants to

0:42:39.960 --> 0:42:43.200
<v Speaker 2>announce they've got a new green energy revolution money the

0:42:43.200 --> 0:42:46.240
<v Speaker 2>an initiative, just like a Bush did. We're doing it bigger.

0:42:46.520 --> 0:42:48.640
<v Speaker 2>So they have what they call smart cities and they're

0:42:48.640 --> 0:42:50.880
<v Speaker 2>gonna make all these cities green. So in twenty sixteen,

0:42:50.920 --> 0:42:54.680
<v Speaker 2>the Obama administration has Jeff Karpoff's DC Solar be a

0:42:54.760 --> 0:42:58.000
<v Speaker 2>key partner in the smart city initiative. Oh no, yeah,

0:42:58.080 --> 0:43:01.200
<v Speaker 2>he is, the Obama administration partner with DC Solar to

0:43:01.960 --> 0:43:05.640
<v Speaker 2>take on the green energy revolution, elevating his company to

0:43:05.680 --> 0:43:10.120
<v Speaker 2>the level of Amazon Google parent company Alphabet. That's the

0:43:10.320 --> 0:43:13.399
<v Speaker 2>These are the foot soldiers, these corporations and Jeff, that's

0:43:13.440 --> 0:43:17.440
<v Speaker 2>the green tech revolution. So transportation Secretary Anthony Fox put

0:43:17.480 --> 0:43:20.040
<v Speaker 2>out a press lease at this time quote DC Solar

0:43:20.080 --> 0:43:23.239
<v Speaker 2>will assist all seven finalist cities and building strategies for

0:43:23.360 --> 0:43:27.520
<v Speaker 2>electric vehicle charging infrastructure to encourage and facilitate the adoption

0:43:27.880 --> 0:43:32.840
<v Speaker 2>of electric vehicles by individuals, businesses, and municipalities. Lawdie Dunk

0:43:33.360 --> 0:43:36.319
<v Speaker 2>so proud of this stamp of imprimature and approval. DC

0:43:36.440 --> 0:43:38.640
<v Speaker 2>Solar puts out their own press release because you know

0:43:38.719 --> 0:43:40.399
<v Speaker 2>they love a good This is great for the long

0:43:40.480 --> 0:43:43.520
<v Speaker 2>con We are now partners of the United States. We

0:43:43.600 --> 0:43:46.560
<v Speaker 2>are recognized by the top people in government as being

0:43:46.640 --> 0:43:50.040
<v Speaker 2>a go to operator to help them get things done.

0:43:50.560 --> 0:43:52.880
<v Speaker 2>A bunch of empty statements, So as long as you

0:43:52.920 --> 0:43:55.320
<v Speaker 2>don't ask the irs what they think about DC Solar,

0:43:55.400 --> 0:43:59.080
<v Speaker 2>the Feds love this company. Yeah. Meanwhile, Jeff celebrates his

0:43:59.160 --> 0:44:01.440
<v Speaker 2>new level of success as a gift to his hometown.

0:44:01.880 --> 0:44:05.360
<v Speaker 2>He buys Martinez its own minor league baseball team, and

0:44:05.520 --> 0:44:08.520
<v Speaker 2>not only that, he names it after Joe DiMaggio, who,

0:44:08.760 --> 0:44:11.680
<v Speaker 2>fun fact, was born on November twenty fifth, nineteen fourteen,

0:44:11.840 --> 0:44:15.160
<v Speaker 2>in Martinez, California. I know I didn't know that either,

0:44:15.360 --> 0:44:17.640
<v Speaker 2>learned that in this research. So in honor of the

0:44:17.719 --> 0:44:21.160
<v Speaker 2>Yankee Clipper. He names the new team the Martinez Clippers.

0:44:21.719 --> 0:44:24.120
<v Speaker 2>Don't go looking for the team. They are now defunct

0:44:24.320 --> 0:44:27.399
<v Speaker 2>because of Jeff. Anyway, he spent some of his ill

0:44:27.440 --> 0:44:30.840
<v Speaker 2>gotten gains on himself and his family. He bought himself houses,

0:44:31.200 --> 0:44:34.040
<v Speaker 2>one in Vegas, another one in Cabo San Lucas, Mexico.

0:44:34.440 --> 0:44:36.600
<v Speaker 2>He bought some new muscle cars because he gotta get

0:44:36.640 --> 0:44:39.400
<v Speaker 2>new muscle cars, some new trucks, new clothes for himself

0:44:39.440 --> 0:44:43.080
<v Speaker 2>and his wife. He bought a luxury box, some seats

0:44:43.120 --> 0:44:45.399
<v Speaker 2>at Allegiance Stadium. He's a Raiders fan. Of course, he's

0:44:45.440 --> 0:44:46.080
<v Speaker 2>a Raiders fan.

0:44:46.200 --> 0:44:46.359
<v Speaker 6>Yeah.

0:44:46.680 --> 0:44:48.399
<v Speaker 2>To make a little extra side money, he also starts

0:44:48.480 --> 0:44:51.240
<v Speaker 2>leasing out some of his warehouse space to pot growers

0:44:51.960 --> 0:44:54.319
<v Speaker 2>in return for a cut. Oh boy, so now he's

0:44:54.320 --> 0:44:57.760
<v Speaker 2>come full circle. He's back to medical marijuana. Twenty seventeen,

0:44:57.840 --> 0:45:00.920
<v Speaker 2>things start to get tight. The mood around the office shifts.

0:45:01.480 --> 0:45:04.120
<v Speaker 2>Jeff is known to swan through the office with literal

0:45:04.480 --> 0:45:07.759
<v Speaker 2>shopping bags of cash. That wasn't the weird part, per se,

0:45:08.239 --> 0:45:13.040
<v Speaker 2>but he and his wife Paulette installed surveillance cameras everywhere,

0:45:13.520 --> 0:45:16.600
<v Speaker 2>and his wife Paulette had a big ass TV installed

0:45:16.640 --> 0:45:18.400
<v Speaker 2>in her office, so she could watch the feed in

0:45:18.480 --> 0:45:21.440
<v Speaker 2>real time all the time. That was weird. But when

0:45:21.480 --> 0:45:25.040
<v Speaker 2>she started to pull employees aside for independent grilling about

0:45:25.120 --> 0:45:26.520
<v Speaker 2>why were you going to the bathroom so much? What

0:45:26.560 --> 0:45:28.399
<v Speaker 2>were you doing in there for so long? That made

0:45:28.480 --> 0:45:31.879
<v Speaker 2>things super weird. And then when Paulette started to march

0:45:31.960 --> 0:45:35.880
<v Speaker 2>around the office with these two huge dogs on leashes

0:45:36.480 --> 0:45:41.280
<v Speaker 2>Belgian malinoa was she named one Fu and the other Diesel. Diesel,

0:45:41.360 --> 0:45:44.080
<v Speaker 2>by the way, was a trained attack dog Diesel. And

0:45:44.239 --> 0:45:47.120
<v Speaker 2>so that's when things became cartoonishly evil and weird.

0:45:47.280 --> 0:45:49.279
<v Speaker 3>So she comes grills you and why did you go

0:45:49.320 --> 0:45:53.840
<v Speaker 3>to the bathroom? Why are you conning the government game system?

0:45:54.600 --> 0:45:57.640
<v Speaker 2>At this point, they also need more muscle than Diesel,

0:45:57.960 --> 0:46:00.839
<v Speaker 2>So they go and they hire a huge pole loan shark,

0:46:01.640 --> 0:46:05.680
<v Speaker 2>A huge a loan shark. He's Polish. Yeah, it's important

0:46:05.680 --> 0:46:07.799
<v Speaker 2>to him. So at different times he tells employees at

0:46:07.840 --> 0:46:11.440
<v Speaker 2>DC Solar that he was a prison camp survivor. He

0:46:11.520 --> 0:46:14.280
<v Speaker 2>tells other employees he is a well practiced professional killer.

0:46:14.680 --> 0:46:17.680
<v Speaker 2>He tells other ones, I'm a real life gangster. All right.

0:46:17.719 --> 0:46:21.000
<v Speaker 2>So one early investor who unfortunately had just experience what

0:46:21.200 --> 0:46:23.720
<v Speaker 2>his presence was like. Yeah, because he made some trouble

0:46:23.800 --> 0:46:25.960
<v Speaker 2>for Jeff and DC Solar because you know, he's like,

0:46:26.080 --> 0:46:27.520
<v Speaker 2>I want my money back. I'm gonna talk to the

0:46:27.680 --> 0:46:29.800
<v Speaker 2>sec or whatever. And this guy's like hey, So he

0:46:29.880 --> 0:46:33.560
<v Speaker 2>sends over this no neck persuader and professional attitude adjuster,

0:46:34.080 --> 0:46:36.319
<v Speaker 2>and the investor said, and I quote when I saw

0:46:36.440 --> 0:46:40.480
<v Speaker 2>his Polish mafia come in, that was it. After that, yeah,

0:46:40.640 --> 0:46:43.360
<v Speaker 2>the investor cuts his losses walks away, cutting off all contact.

0:46:43.400 --> 0:46:46.799
<v Speaker 2>He's like, keep my money. So twenty eighteen, the inevitable

0:46:46.880 --> 0:46:49.759
<v Speaker 2>finally occurs. An employee for DC Solders asked to do

0:46:49.920 --> 0:46:54.239
<v Speaker 2>something unethical instead, He's like no and quits. Yeah, then

0:46:54.320 --> 0:46:57.160
<v Speaker 2>he contacts the FETs because his name is Sebastian Johano

0:46:57.320 --> 0:46:59.759
<v Speaker 2>and he's an up and comer in the green energy space.

0:47:00.120 --> 0:47:02.480
<v Speaker 2>Kid is a solar energy specialist they've hired like this,

0:47:02.680 --> 0:47:05.120
<v Speaker 2>like whiz Kid. He's also somebody who has a law

0:47:05.200 --> 0:47:08.120
<v Speaker 2>degree and a business degree from Villanova, so he ain't

0:47:08.120 --> 0:47:10.879
<v Speaker 2>about to waste his life on some unethical business point

0:47:11.080 --> 0:47:13.600
<v Speaker 2>for Jeff. So he goes and he's like, no prison

0:47:13.680 --> 0:47:15.439
<v Speaker 2>time for me, bro, and he goes right to the fence.

0:47:15.480 --> 0:47:17.880
<v Speaker 2>And now the car poffs at this point they may

0:47:18.200 --> 0:47:20.799
<v Speaker 2>have some suspicious Remember they got the surveillance cameras. They're

0:47:20.800 --> 0:47:24.000
<v Speaker 2>getting suspicious. So they're now securing a future for themselves

0:47:24.080 --> 0:47:26.839
<v Speaker 2>outside of America in case, you know, they need to run.

0:47:26.880 --> 0:47:28.719
<v Speaker 2>They need to like you know, cut tie, So they

0:47:28.760 --> 0:47:30.840
<v Speaker 2>shift some of their millions to offs your accounts.

0:47:31.080 --> 0:47:33.439
<v Speaker 3>This is a guy with the Constitution on this motor.

0:47:33.719 --> 0:47:37.280
<v Speaker 3>Oh yeah, lady, liberty holding love America.

0:47:37.880 --> 0:47:39.920
<v Speaker 2>Rips off the taxpayers and to go run away to

0:47:40.760 --> 0:47:43.959
<v Speaker 2>Saint Kitts and Nevis because that's where he's bought a home.

0:47:44.120 --> 0:47:47.239
<v Speaker 2>With the extra proviso that he buys a certain level

0:47:47.320 --> 0:47:50.120
<v Speaker 2>of luxury home, he'll get citizenship and passports as a

0:47:50.200 --> 0:47:53.040
<v Speaker 2>purpose of the purchase. So in the meantime, he's asking

0:47:53.120 --> 0:47:55.279
<v Speaker 2>his business managers like take photos of Jeff and his

0:47:55.360 --> 0:47:58.840
<v Speaker 2>wife Paulette for their new passports. And the business manager remembers,

0:47:58.880 --> 0:48:00.600
<v Speaker 2>like they seem to to rush. The way they said

0:48:00.600 --> 0:48:01.759
<v Speaker 2>it was like, we have this guy who's going to

0:48:01.760 --> 0:48:04.399
<v Speaker 2>do it for us super quick. So the couple had

0:48:04.520 --> 0:48:06.920
<v Speaker 2>I think a definite sense that the Feds were closing

0:48:07.000 --> 0:48:09.439
<v Speaker 2>in because or maybe they'd heard about federal agents asking

0:48:09.480 --> 0:48:12.160
<v Speaker 2>investors questions. Whatever it was, they knew it was time

0:48:12.200 --> 0:48:16.200
<v Speaker 2>to flee, and yet they did not flee, Elizabeth, Yeah,

0:48:16.200 --> 0:48:18.320
<v Speaker 2>I thought he'd appreciate this instead of fleeing. At the

0:48:18.400 --> 0:48:20.720
<v Speaker 2>end of twenty eighteen, they decided to hold a Christmas

0:48:20.800 --> 0:48:24.920
<v Speaker 2>party for DC Solar at the Fairmount Hotel in San Francisco.

0:48:25.480 --> 0:48:28.040
<v Speaker 2>Jeffica threw this huge Christmas party for everybody. Right, he

0:48:28.160 --> 0:48:30.600
<v Speaker 2>hires some music acts to play for everybody. You want

0:48:30.640 --> 0:48:32.520
<v Speaker 2>to guess who he hired because you know you know

0:48:32.640 --> 0:48:39.319
<v Speaker 2>these names, Power Power, No, the band, Sugar Ray. Oh no, wait,

0:48:39.360 --> 0:48:39.759
<v Speaker 2>there's more.

0:48:41.080 --> 0:48:42.399
<v Speaker 3>It's so perfect, there's more.

0:48:43.719 --> 0:48:48.680
<v Speaker 2>Second, please wallho In eighteen Sugar Ray and the other

0:48:48.719 --> 0:48:51.960
<v Speaker 2>big act was friend of the show mister Worldwide himself,

0:48:52.400 --> 0:48:55.439
<v Speaker 2>pit Bull. They hired pit Bull and Sugar Ray. Yeah.

0:48:56.280 --> 0:48:59.040
<v Speaker 2>And then three days later, on December eighteenth, twenty eighteen,

0:48:59.200 --> 0:49:02.320
<v Speaker 2>one hundred and seventy five federal agents from the IRS,

0:49:02.480 --> 0:49:05.880
<v Speaker 2>US Marshalls and the FBI, traveling in unmarked cars from

0:49:05.920 --> 0:49:08.880
<v Speaker 2>the Sacramento Field Office. The FBI Field Office, took the

0:49:08.920 --> 0:49:12.000
<v Speaker 2>trip down to Benetia and Martinez about nine thirty in

0:49:12.000 --> 0:49:14.800
<v Speaker 2>the morning. Elizabeth, the one hundred and seventy five federal

0:49:14.880 --> 0:49:18.840
<v Speaker 2>agents descended like locusts on DC Solar headquarters. At that

0:49:19.080 --> 0:49:21.840
<v Speaker 2>same moment, a swat team kicked in the door of

0:49:21.920 --> 0:49:25.600
<v Speaker 2>the carpaff family home searching for the couple. Then they

0:49:25.640 --> 0:49:27.200
<v Speaker 2>were not there. With the one hundred and seventy five

0:49:27.239 --> 0:49:30.359
<v Speaker 2>agents swarming around, Jeff phones into his office. He had

0:49:30.480 --> 0:49:33.480
<v Speaker 2>just one question, Uh, do you see my passport in

0:49:33.560 --> 0:49:40.240
<v Speaker 2>my wife's passport on my desk. No, they were not there, Elizabeth.

0:49:40.280 --> 0:49:42.640
<v Speaker 2>The Feds had already sees the fence had seized them

0:49:42.680 --> 0:49:45.239
<v Speaker 2>along with the million and a half dollars. He had

0:49:45.280 --> 0:49:48.440
<v Speaker 2>his office safe. After hearing that his passports were nabbed

0:49:48.480 --> 0:49:51.719
<v Speaker 2>by the Feds, Jeff just said, oh, then he hung up.

0:49:52.239 --> 0:49:52.600
<v Speaker 6>That was it.

0:49:53.680 --> 0:49:56.880
<v Speaker 2>I remember the DC Solar holiday party with the Sugar

0:49:56.960 --> 0:49:59.160
<v Speaker 2>Ray and Pitbull at the Fairmount Hotel in San Francisco

0:49:59.360 --> 0:50:04.080
<v Speaker 2>was just three days before he had a chance to run. Instead,

0:50:04.120 --> 0:50:06.360
<v Speaker 2>he wanted to party with Sugar Aye and Pitbull.

0:50:06.440 --> 0:50:07.040
<v Speaker 3>The hangover.

0:50:07.280 --> 0:50:09.680
<v Speaker 2>Yeah, and so what an emotional swing this was. You know,

0:50:09.760 --> 0:50:12.439
<v Speaker 2>you're king of the world partying with pitfull three days

0:50:12.520 --> 0:50:14.880
<v Speaker 2>later you're a man on the run, wanted by the

0:50:14.960 --> 0:50:17.840
<v Speaker 2>Feds to make their escape from America. The Carpoffs they

0:50:17.920 --> 0:50:20.120
<v Speaker 2>call a friend in Las Vegas, this guy who uh

0:50:20.239 --> 0:50:23.600
<v Speaker 2>who actually incidentally trained their attack dog Diesel. They're like, oh,

0:50:23.680 --> 0:50:26.120
<v Speaker 2>he's probably criminally connected. So they offer their dog trainer

0:50:26.200 --> 0:50:28.800
<v Speaker 2>six hundred and forty thousand dollars in cash and a

0:50:28.880 --> 0:50:31.200
<v Speaker 2>Cartier men's watch if he'd arrange for them to get

0:50:31.200 --> 0:50:33.480
<v Speaker 2>out of the country. Now, if this didn't work out,

0:50:33.520 --> 0:50:36.040
<v Speaker 2>he had a backup plan, because Jeff got a backup plan, Elizabeth.

0:50:36.320 --> 0:50:38.919
<v Speaker 2>Jeff told a friend, quote, I still have five hundred

0:50:38.960 --> 0:50:42.239
<v Speaker 2>thousand dollars worth of meth buried in a cemetery in Martinez.

0:50:42.360 --> 0:50:44.400
<v Speaker 2>What that's my emergency pership?

0:50:44.520 --> 0:50:45.040
<v Speaker 3>Wait what.

0:50:47.560 --> 0:50:51.319
<v Speaker 2>Doth buried in Martina? This is just like this is.

0:50:54.560 --> 0:50:55.120
<v Speaker 4>So good.

0:50:55.480 --> 0:51:00.359
<v Speaker 5>It's like, I know it's very this is hyperlocal were

0:51:00.440 --> 0:51:04.040
<v Speaker 5>at this point, but like it's also superos a backup plan,

0:51:04.200 --> 0:51:06.080
<v Speaker 5>a Las Vegas dog train.

0:51:06.239 --> 0:51:08.680
<v Speaker 2>Yes, change your killer attack dog.

0:51:09.719 --> 0:51:12.840
<v Speaker 3>It's like, I'm familiar. And then you have five hundred

0:51:12.960 --> 0:51:18.319
<v Speaker 3>k meth in a graveyard in your.

0:51:18.239 --> 0:51:21.680
<v Speaker 2>Hometown, and this is your quote emergency parachute. That's my

0:51:21.840 --> 0:51:23.040
<v Speaker 2>old golden parachute.

0:51:23.719 --> 0:51:25.360
<v Speaker 3>Just grab the math to get on the plane.

0:51:25.440 --> 0:51:27.560
<v Speaker 2>Now, I's a keep in mind, you have to sell

0:51:27.640 --> 0:51:30.640
<v Speaker 2>a half million dollars worth of myth without getting ripped

0:51:30.640 --> 0:51:33.000
<v Speaker 2>off or busted. That's also part of your Yeah.

0:51:33.080 --> 0:51:35.799
<v Speaker 3>And if he's street level, is gonna take him.

0:51:35.680 --> 0:51:38.759
<v Speaker 2>A long long time. And if he does it in

0:51:38.840 --> 0:51:41.840
<v Speaker 2>one day purchase, he's a right person to flip on

0:51:42.120 --> 0:51:45.239
<v Speaker 2>or to just rip off. Why participate? He ain't got

0:51:45.280 --> 0:51:48.719
<v Speaker 2>a future, He's a liability to even meet with.

0:51:49.120 --> 0:51:51.839
<v Speaker 3>So he's he's coming in fresh like I'd roll him

0:51:51.840 --> 0:51:52.480
<v Speaker 3>and take everything.

0:51:52.600 --> 0:51:54.320
<v Speaker 2>So before he had a chance to bust out the

0:51:54.400 --> 0:51:55.920
<v Speaker 2>myth from the cemetery.

0:51:55.560 --> 0:51:58.200
<v Speaker 3>Carpoff worked on plan is it still in the seme?

0:51:58.960 --> 0:52:01.800
<v Speaker 2>I doubt? He met his old high school buddy Bayliss

0:52:01.880 --> 0:52:04.359
<v Speaker 2>at a Burger King parking lot, just like old times

0:52:04.400 --> 0:52:06.640
<v Speaker 2>in high school. Yeah, right, So he asked his old

0:52:06.640 --> 0:52:08.640
<v Speaker 2>buddy to get a burner phone for himself and take

0:52:08.640 --> 0:52:10.920
<v Speaker 2>a trip down to Vegas. He needed his old high

0:52:10.920 --> 0:52:13.360
<v Speaker 2>school buddy to do one more favorite man, so he

0:52:13.440 --> 0:52:16.160
<v Speaker 2>needed him to go and destroy all the evidence. No,

0:52:16.880 --> 0:52:18.800
<v Speaker 2>he wanted him to go down because he left a

0:52:18.840 --> 0:52:21.000
<v Speaker 2>ton of damning evidence in a warehouse in Las Vegas.

0:52:21.080 --> 0:52:22.920
<v Speaker 2>It's only a matter of time before the Feds figured

0:52:22.920 --> 0:52:25.000
<v Speaker 2>it out. There's the address is written all over the office.

0:52:25.400 --> 0:52:28.480
<v Speaker 2>So there were hundreds of faked vin plates for all

0:52:28.520 --> 0:52:30.879
<v Speaker 2>the generator trailers, and that would connect the whole thing.

0:52:31.280 --> 0:52:34.360
<v Speaker 2>So he's like, hey, man, the buddy, the high school buddy,

0:52:34.440 --> 0:52:37.319
<v Speaker 2>did he do it or not? Elizabeth, I don't think

0:52:37.400 --> 0:52:37.759
<v Speaker 2>he did it.

0:52:37.920 --> 0:52:38.320
<v Speaker 6>He did it.

0:52:38.440 --> 0:52:41.080
<v Speaker 2>He did the one last favorite man and then he

0:52:41.160 --> 0:52:42.920
<v Speaker 2>flipped immediately.

0:52:43.000 --> 0:52:46.160
<v Speaker 3>For I would I would have been like, hey, irs, FBI,

0:52:46.200 --> 0:52:48.120
<v Speaker 3>you want to come with me running there and to

0:52:49.000 --> 0:52:49.360
<v Speaker 3>love it.

0:52:49.960 --> 0:52:52.600
<v Speaker 2>Just bring some bags on, some gloves. So he becomes

0:52:52.640 --> 0:52:55.880
<v Speaker 2>a cooperating wedness for the FEDS against his high school buddy. Now,

0:52:55.920 --> 0:52:58.760
<v Speaker 2>in July twenty nineteen, he met with the US attorneys

0:52:58.800 --> 0:53:00.640
<v Speaker 2>and he agrees to a plea deal and that was it.

0:53:01.000 --> 0:53:02.880
<v Speaker 2>That was pretty much all the FEDS needed because Jeff's

0:53:02.920 --> 0:53:06.440
<v Speaker 2>old high school buddy knew everything and everyone involved because

0:53:06.480 --> 0:53:08.480
<v Speaker 2>he was so close to Jeff, and Jeff needed his

0:53:08.640 --> 0:53:11.120
<v Speaker 2>him to help with all the illegal stuff. So anyone

0:53:11.200 --> 0:53:14.360
<v Speaker 2>he dealt with was also doing the illegal stuff. So

0:53:14.480 --> 0:53:16.600
<v Speaker 2>all he was was just a list of illegal people

0:53:16.719 --> 0:53:18.840
<v Speaker 2>in himself. He told them everything, and then they just

0:53:18.880 --> 0:53:21.640
<v Speaker 2>built a case against everybody, the General Counsel, the VP

0:53:21.760 --> 0:53:25.400
<v Speaker 2>of Operations, everybody, the Fed's accused DC Sular defrauding their

0:53:25.440 --> 0:53:28.080
<v Speaker 2>customers out of a sum of nearly a billion dollars.

0:53:28.440 --> 0:53:30.640
<v Speaker 2>The Fed's had plenty of charges to go around. Sure,

0:53:30.760 --> 0:53:33.400
<v Speaker 2>so it was like a guilty party at the federal courthouse, right,

0:53:33.520 --> 0:53:36.160
<v Speaker 2>the General Council was there, the accountant, the VIP of operations.

0:53:36.200 --> 0:53:38.839
<v Speaker 2>They all plead guilty. Then it's Jeff and Paulette's turn.

0:53:39.160 --> 0:53:42.200
<v Speaker 2>They plead guilty. In January twenty twenty, Jeff gets charged

0:53:42.200 --> 0:53:45.440
<v Speaker 2>with conspiracy to commit wire fraud and money laundering. His

0:53:45.560 --> 0:53:48.720
<v Speaker 2>wife Paulette also caught a charge of money laundering.

0:53:48.920 --> 0:53:49.120
<v Speaker 3>Yeah.

0:53:49.280 --> 0:53:52.960
<v Speaker 2>So the companies, though, who had effectively conspired with DC

0:53:53.160 --> 0:53:56.480
<v Speaker 2>solig to take advantage of this lucrative tax credit, were

0:53:56.600 --> 0:54:00.600
<v Speaker 2>ordered to return the tax break money to the US Treasury,

0:54:00.840 --> 0:54:03.920
<v Speaker 2>otherwise it could essensibly be seen as robbing the US taxpayer.

0:54:04.560 --> 0:54:06.480
<v Speaker 2>We're particularly sensitive about that.

0:54:06.800 --> 0:54:07.000
<v Speaker 3>Yeah.

0:54:07.320 --> 0:54:10.040
<v Speaker 2>So for his high crimes against the American people, Jeff

0:54:10.120 --> 0:54:14.520
<v Speaker 2>was convicted and sentenced two thirty years in federal Oh wow,

0:54:14.840 --> 0:54:18.040
<v Speaker 2>sent to a medium security facility at Victorville. That's fun,

0:54:18.160 --> 0:54:22.680
<v Speaker 2>oh the desert, yeah, victor So meanwhile, his wife, Paulette,

0:54:22.680 --> 0:54:25.680
<v Speaker 2>she caught eleven year sentence, So see you again. Laid

0:54:25.760 --> 0:54:29.320
<v Speaker 2>up Paulette, and so ends the sordid saga of DC Solar,

0:54:29.440 --> 0:54:34.160
<v Speaker 2>the once proud green energy billion dollar business out of Martinez, California.

0:54:34.719 --> 0:54:36.240
<v Speaker 2>What's a ridiculous takeaway here, Elizabeth?

0:54:36.280 --> 0:54:39.279
<v Speaker 3>Oh, the takeaway there's so many. There's so many. I

0:54:40.239 --> 0:54:45.120
<v Speaker 3>think that it's so frustrating when you have these great ideas,

0:54:45.800 --> 0:54:50.080
<v Speaker 3>great intentions, totally and the crime just seeps in like

0:54:50.520 --> 0:54:51.719
<v Speaker 3>water through a crack.

0:54:51.719 --> 0:54:54.080
<v Speaker 2>And the lack of due diligence. And then you have

0:54:54.200 --> 0:54:56.160
<v Speaker 2>the people who are everyone's taking advantage because I didn't

0:54:56.160 --> 0:54:57.680
<v Speaker 2>bring in. There was tax lawyers, there was a bunch

0:54:57.719 --> 0:54:59.600
<v Speaker 2>of other people who are also involved in the machinery

0:54:59.600 --> 0:54:59.960
<v Speaker 2>of this crime.

0:55:00.160 --> 0:55:03.600
<v Speaker 3>Well you saw it with the PPP loans exactly, just

0:55:03.719 --> 0:55:05.680
<v Speaker 3>like everybody looking money.

0:55:06.239 --> 0:55:08.239
<v Speaker 2>Yeah. The lack of ethics, I mean it galls me.

0:55:08.320 --> 0:55:10.120
<v Speaker 2>I don't take part in this kind of crime. I

0:55:10.239 --> 0:55:12.160
<v Speaker 2>find this like I don't like to steal from the

0:55:12.160 --> 0:55:15.239
<v Speaker 2>American taxpayers. I think that's just the laziest way to

0:55:15.360 --> 0:55:17.400
<v Speaker 2>do it. I don't mind some co corporation though. So

0:55:17.800 --> 0:55:19.120
<v Speaker 2>I'm not the most ethicult person.

0:55:19.160 --> 0:55:22.040
<v Speaker 3>I pay way more taxes than all the billionaires.

0:55:22.160 --> 0:55:22.920
<v Speaker 2>Yeah, oh yeah you do.

0:55:23.080 --> 0:55:26.480
<v Speaker 3>I'll pay my taxes and be grudgingly and get mad

0:55:26.560 --> 0:55:28.640
<v Speaker 3>about it. But at the same time, it's like, that's

0:55:28.680 --> 0:55:30.440
<v Speaker 3>what keeps this exactly.

0:55:30.600 --> 0:55:32.360
<v Speaker 2>I want us to spend our money wisely, and I

0:55:32.400 --> 0:55:34.840
<v Speaker 2>want us to do stuff intentionally and with the intention

0:55:35.000 --> 0:55:36.000
<v Speaker 2>of looking up for the people.

0:55:36.480 --> 0:55:38.960
<v Speaker 3>Well, and everyone likes to act like it's little things

0:55:39.040 --> 0:55:42.239
<v Speaker 3>here and there where people are getting over on the government.

0:55:42.040 --> 0:55:42.480
<v Speaker 2>Things like this.

0:55:42.719 --> 0:55:45.759
<v Speaker 3>It's Huge's so many of these right under everyone's nose.

0:55:45.800 --> 0:55:48.200
<v Speaker 3>It's not like, oh, I'm getting extra food stamps and.

0:55:48.600 --> 0:55:50.600
<v Speaker 2>Yeah, I'm just noticing one that there's criminal. There's some

0:55:50.719 --> 0:55:53.360
<v Speaker 2>that are like gray area where it's not really criminal,

0:55:53.400 --> 0:55:57.200
<v Speaker 2>but it's like the product of inside relationships and so forth. Anyway,

0:55:57.239 --> 0:56:01.320
<v Speaker 2>my ridiculous takeaway, Lizbeth. Folks who wrap themselves up in

0:56:01.360 --> 0:56:03.719
<v Speaker 2>the flag you mentioned this earlier. The folks who have

0:56:03.840 --> 0:56:06.080
<v Speaker 2>a truck that plays a star spangled banner and a

0:56:06.160 --> 0:56:10.520
<v Speaker 2>motorcycle with the what do you call it the Constitution.

0:56:10.160 --> 0:56:13.719
<v Speaker 3>On it, right, the Constitution.

0:56:14.000 --> 0:56:17.359
<v Speaker 2>You can't trust that person, that's my read, because they

0:56:17.400 --> 0:56:19.759
<v Speaker 2>don't They clearly don't mean it, like they are using

0:56:19.960 --> 0:56:22.440
<v Speaker 2>MRICA as a signal to others. It's a code, it's

0:56:22.480 --> 0:56:24.480
<v Speaker 2>a symbol, but it is not to them. A nation

0:56:24.560 --> 0:56:27.640
<v Speaker 2>of three hundred million people striving together to make sense

0:56:27.680 --> 0:56:28.799
<v Speaker 2>of this, all right, and.

0:56:29.000 --> 0:56:32.480
<v Speaker 3>What have they done for the country's.

0:56:32.239 --> 0:56:34.759
<v Speaker 2>He's disregarding the abundance and the beauty of this land

0:56:34.800 --> 0:56:36.680
<v Speaker 2>and the people is everything I love about America. He's

0:56:37.280 --> 0:56:39.520
<v Speaker 2>he's abusing that stuff, right, And I don't mean anyone

0:56:39.560 --> 0:56:42.560
<v Speaker 2>who like loves flags is bs. That's not what I'm saying. No, No,

0:56:42.800 --> 0:56:45.080
<v Speaker 2>I mean those folks who you see out there who

0:56:45.160 --> 0:56:47.480
<v Speaker 2>wrap themselves up in symbols are often the same ones

0:56:47.520 --> 0:56:51.440
<v Speaker 2>who will rob everyday American people because that's their extent,

0:56:51.640 --> 0:56:55.560
<v Speaker 2>is a symbol. They're not they are not committed anyway.

0:56:55.640 --> 0:56:57.239
<v Speaker 2>I agree. There you go. That's it. I don't know

0:56:57.239 --> 0:56:58.040
<v Speaker 2>how ridiculous that is.

0:56:58.160 --> 0:57:00.799
<v Speaker 3>That's it's ridiculous to talk Breakfast World.

0:57:01.160 --> 0:57:09.440
<v Speaker 2>Yes, please, could you favor us with one? Oh my god,

0:57:13.200 --> 0:57:13.600
<v Speaker 2>I love you.

0:57:17.920 --> 0:57:21.760
<v Speaker 6>What's up you guys, longtime listener, You've had me at

0:57:21.960 --> 0:57:25.880
<v Speaker 6>the very first episode with Guy Fieri's stolen car and

0:57:26.040 --> 0:57:30.040
<v Speaker 6>Regina Cornflower I believe her name was. I just wanted

0:57:30.080 --> 0:57:35.200
<v Speaker 6>to give you a proposal, Zaren. My husband is an

0:57:35.240 --> 0:57:38.120
<v Speaker 6>engineer for the VNSF. How about you get in that

0:57:38.320 --> 0:57:43.520
<v Speaker 6>way and you can steal all of the nikes you want.

0:57:45.120 --> 0:57:46.920
<v Speaker 6>Love you guys, and love the show.

0:57:50.360 --> 0:57:51.080
<v Speaker 2>Is amazing.

0:57:52.520 --> 0:57:56.160
<v Speaker 3>This never happened, just hypothetically. It's just kidding.

0:57:57.880 --> 0:58:00.040
<v Speaker 2>Thanks for that. And always you guys can find and

0:58:00.160 --> 0:58:03.720
<v Speaker 2>it's online Ridiculous Crime on the social medias mostly it's

0:58:03.760 --> 0:58:06.000
<v Speaker 2>I think, blue Sky and Instagram at this point, no

0:58:06.240 --> 0:58:08.640
<v Speaker 2>new ones. We're not on like frack hole or anything.

0:58:09.120 --> 0:58:11.920
<v Speaker 2>So we have a website, Ridiculous Crime dot com. It

0:58:12.160 --> 0:58:17.400
<v Speaker 2>is once again From's actually website of the year in

0:58:17.480 --> 0:58:19.920
<v Speaker 2>a map related category. So we're very excited about that.

0:58:20.200 --> 0:58:21.720
<v Speaker 3>We have amazing maps.

0:58:22.000 --> 0:58:25.040
<v Speaker 2>Yeah. So we also love your talkbacks obviously, so please

0:58:25.440 --> 0:58:28.640
<v Speaker 2>download the iHeart app. Get in there, download it, record

0:58:28.680 --> 0:58:31.919
<v Speaker 2>yourself a talkback and maybe hear your voice here we'd

0:58:32.000 --> 0:58:33.640
<v Speaker 2>like to hear it. And also you can email us

0:58:33.640 --> 0:58:35.400
<v Speaker 2>if you like a Ridiculous Crime at gmail dot com.

0:58:35.520 --> 0:58:38.320
<v Speaker 2>As always, please start the email Dear producer d thanks

0:58:38.360 --> 0:58:46.600
<v Speaker 2>for listening. We will catch you next crime. Ridiculous Crime

0:58:46.720 --> 0:58:49.760
<v Speaker 2>is hosted by Elizabeth Dutton and Zaron Burnett, produced and

0:58:49.920 --> 0:58:54.480
<v Speaker 2>edited by Obama's favorite green energy powered producer Dave Kutstin,

0:58:54.720 --> 0:58:57.760
<v Speaker 2>and starring and at least ructor as Judith. Research is

0:58:57.800 --> 0:59:01.040
<v Speaker 2>by George W. Bush's Environmental Think Hank, Marissa Brown, and

0:59:01.240 --> 0:59:04.480
<v Speaker 2>Alex French. Our theme song is by twenty twenty five

0:59:04.680 --> 0:59:08.640
<v Speaker 2>pol Earth Festival headliners Green Tech and The Scammers aka

0:59:08.760 --> 0:59:11.800
<v Speaker 2>Thomas Lee and Travis Duttony. The host wardrobe provided by

0:59:11.800 --> 0:59:14.959
<v Speaker 2>Botany five hundred guest hair and makeup by Spartakle Shot

0:59:15.280 --> 0:59:19.280
<v Speaker 2>and mister Andre. Executive producers are Joe Demaggio's Ghost Hunters,

0:59:19.400 --> 0:59:30.080
<v Speaker 2>Ben Bolin and Noel Brown. Red Crime Say It One

0:59:30.120 --> 0:59:32.520
<v Speaker 2>More Time, Geeks Crime.

0:59:33.320 --> 0:59:36.680
<v Speaker 1>Ridiculous Crime is a production of iHeartRadio four more podcasts.

0:59:36.800 --> 0:59:39.960
<v Speaker 1>My heart Radio visit the iHeartRadio app, Apple Podcasts, or

0:59:40.000 --> 0:59:41.760
<v Speaker 1>wherever you listen to your favorite shows.