Auxin Solar CEO Mamun Rashid discusses tariffs on solar panel imports, says US gives up ‘energy dependence’ for solar panels manufactured in other countries.
A former executive of a California-based solar power company was sentenced Tuesday to nearly a decade in prison for his role in what prosecutors say was a “billion-dollar Ponzi scheme.”
Alan Hansen, 51, of Vacaville, pleaded guilty in 2020 to conspiracy and money laundering charges, the U.S. Attorney’s Office said in a statement.
FILE: McGregor Scott, the U.S. Attorney for the Eastern District of California, answers questions during a news conference in Sacramento Calif., Friday, Jan. 24, 2020. (AP Photo/Rich Pedroncell, File / AP Newsroom)
Hansen, worked for DC Solar, a company based in the San Francisco Bay Area that marketed mobile solar generator units. The firm touted the versatility and environmental sustainability of the mobile solar generators, claiming that they provided emergency power to cellphone towers and lighting at sporting and other events, prosecutors said.
Company executives started telling investors they could benefit from federal tax credits by buying the generators and leasing them back to DC Solar, which would provide them to other companies for their use, prosecutors said.
CLIMATE EXPERT ON ‘PROBLEMS’ WITH BIDEN ADMINISTRATION’S RENEWABLE ENERGY PUSH
The generators never provided much income, and prosecutors say the company ran a “billion-dollar Ponzi scheme,” in which early…
