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The Independent UK
The Independent UK
National
Graig Graziosi

Solar company exec gets six years in prison for Ponzi scheme

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A solar company official has been sentenced to six years in prison and ordered to pay $624m in restitution after being convicted of running a Ponzi scheme.

The Department of Justice revealed on Tuesday that Robert A Karmann, 55, of Clayton, California, was sentenced and fined for operating a Ponzi scheme using solar energy technology.

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