Tag: Jeff Carpoff

Carpoff companies file for Chapter 7 bankruptcy

Carpoff companies file for Chapter 7 bankruptcy

| March 24, 2019 | 0 Comments

MARTINEZ, Calif. – The chief restructuring officer for the companies owned by Jeff and Paulette Carpoff said his clients are asking their case be converted from Chapter 11 to Chapter 7 of the Bankruptcy Code because no sources of financing for the reorganization effort has been found. Seth R. Freeman, who filed the request in […]

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Federal attorneys file to seize $65 million in DC Solar case

Federal attorneys file to seize $65 million in DC Solar case

| March 23, 2019 | 0 Comments

Three federal attorneys have filed a civil forfeiture action in California for more than $65 million in bank accounts, cash and property seized last year in a Federal Bureau of Investigation raid against Jeff and Paulette Carpoff and their companies, including DC Solar and real estate corporations. United States Attorney McGregor W. Scott and two […]

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Deal falls through for new pro baseball team in Martinez in 2019 season

Deal falls through for new pro baseball team in Martinez in 2019 season

| March 19, 2019 | 0 Comments

The 2019 Pacific Association of Professional Baseball Clubs won’t include a Martinez team, city officials announced Tuesday afternoon. An investment team that has shown interest in backing a successor team to Paulette Carpoff’s Martinez Clippers ran out of time, Mayor Rob Schroder said. “They said, ‘We want to do it right.’” The Clippers drew crowds […]

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City ends Clippers license agreement

City ends Clippers license agreement

| February 27, 2019 | 0 Comments

**Update 5 pm** Quotes from Mayor Rob Schroder The city of Martinez has ended its license agreement with the Martinez Clippers Baseball Corp. because of nonpayment of fees, the city announced Wednesday in a news release. Whether a new team will take the place of the Clippers remains to be seen, but should be decided […]

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FBI agent suggests DC Solar operations ‘Ponzi Scheme’

FBI agent suggests DC Solar operations ‘Ponzi Scheme’

| February 27, 2019 | 0 Comments

Statement from FBI says company spent $19 million on private jet service and $4 million in vehicle purchases A Federal Bureau of Investigation agent’s testimony in court papers has called the way DC Solar was run “is evidence of a Ponzi type investment fraud scheme.” Agent Christopher Phillips’s declaration was one of multiple documents recently […]

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DC Solar seeks ‘fresh restart’ through bankruptcy

DC Solar seeks ‘fresh restart’ through bankruptcy

| February 19, 2019 | 0 Comments

In their most recent bankruptcy filings, DC Solar states it wants to use the Chapter 11 process for a “fresh restart”. In a declaration filed in Nevada Bankruptcy court, Seth Freeman, the debtors’ proposed chief restructuring officer, said after a December FBI raid DC Solar owners Jeff and Paulette Carpoff, “through its advisors, immediately engaged […]

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DC Solar files Chapter 11 bankruptcy, court papers show multi-million dollar debt

DC Solar files Chapter 11 bankruptcy, court papers show multi-million dollar debt

| February 6, 2019 | 0 Comments

(DC Solar’s name has backed some of Chip Ganassi’s racing team drivers, including Elk Grove native Kyle Larson, one the stars of the younger crop of racers in both the second-tier Xfinity Series and the premiere Monster Energy NASCAR Cup Series.) DC Solar and its affiliated companies have filed for reorganization in the U.S. Bankruptcy […]

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DC Solar companies file Chapter 11 bankruptcy, Carpoffs leave leadership roles

DC Solar companies file Chapter 11 bankruptcy, Carpoffs leave leadership roles

| February 4, 2019 | 0 Comments

DC Solar Solutions and DC Solar Distribution both have filed for reorganization in Nevada Bankruptcy Court. The Benicia-based companies owned by Martinez residents Jeff and Paulette Carpoff were raided along with the Carpoffs’ home Dec. 18 by the Federal Bureau of Investigation. The FBI has confirmed the raids, but have released few specifics, citing the […]

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Federal agents raid home, business of Martinez resident

Federal agents raid home, business of Martinez resident

| December 20, 2018 | 0 Comments

Federal Bureau of Investigation agents raided the Martinez home of Jeff and Paulette Carpoff, owners of DC Solar and the Martinez Clippers baseball club. Armando Gomez, the Carpoffs lawyer, emailed a statement to the Gazette Thursday evening. “The Carpoff family was surprised and disappointed with the actions taken by the government earlier this week, which […]

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