How This Man Pulled Off a Billion-Dollar Solar Scam
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- เผยแพร่เมื่อ 28 มิ.ย. 2024
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In the world of scams, it's rare to have so many large established companies fall for it. DC solar and their CEO, Jeff Carpoff created the ultimate scam. In this episode we explore the unbelievable story of how an ex-drug dealer conned some of the most prestigious firms in the world.
Show Notes: docs.google.com/document/d/1N...
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He literally had years with billions in funds to hire pretty much any single university student intern who could've made such a mind-blowingly simple product. It is literally many orders of magnitudes simpler than the average capstone project.
Buffets only involvement with college kids was his business partner inventing a child prison as a college dorm.
Once a twisted mind, always a twisted mind
That's my take too. In the hands of a relatively honest rags-to-riches entrepreneur, this might have worked. It's a great idea, if the engineering is possible and financially viable. (With tax credits, it most likely is the latter.)
@@joesterling4299 He's a tweaker, he's literally delusional.
@vimalalwaysrocks😮
Who the fuck needs 149 vehicles? Pure and untempered greed.
Jay Leno entered the chat.
I suspect they were a way to invest his money
As an avid automotive enthusiast I can confirm that 149 wasn’t enough. These were more passion/collection/investment (in that order) and as such pure logic need not apply.
I’m not a multimillionaire nor do I need 149 cars, but if I were I might have.
Me
Instead of using the money to pay for someone to make his company work, he put it in his pocket. What an idiot!!
Elizabeth Holmes: “Impressive”.
Lol
Lol🤣
I can't get past the part where they had a legitimate start via movie industry and couldn't make it work after that.
Uneducated nepotism, lying leadership, and unethical conduct can bring down any organization.
Shortsighted on rewards. It’s actually a wasted opportunity. Like you said, he had something at the start.
Solar PV panels are very fragile, and most shipping damage and defects occur during ground shipping. Microfractures tend to grow and eventually make a panel basically unusable. So, making them mobile on a trailer is probably the worst way you can mount a solar panel from a longevity standpoint
because the solar panel were never going to be able to produce substantial amounts of power. 10 panels in 2012 doesn't get you much! this is why they incorporated the diesel generators lol.
I think the woke movie industry could smell that turd from a mile off.
"They paid 150k to save 45k in taxes for 13k worth of equipment?"
My neighbor got quoted over $80k by a solar installer for a system but she shouldn't worry because she can get 30% back from the government. I estimate there wasn't more than $20K of equipment in her install. But their get out of jail card is the "install labor cost".
The "get back from the government" is our tax dollars from subsidies. (That is, if it really is a thing. Don't just take a sales person's word for that.)
No, her Salesman probably made $10-15k on the deal, at least. I assume she did financing too with a 20-30% dealer fee (which is % margin NOT markup, i.e. 20% margin requires 25% markup, so for every $10k financed there are $2.5k in dealer fees that get paid to the bank).
Source: I've sold a lot of solar in my time.
Sounds like you’re guessing and making up numbers when you don’t really understand how solar works.
That's the scam of solar today,they install $15K worth of equipment but charge $60,000 for the job and complete it in a day or 2.
Then the buyer signs a 15 year deal to pay those $60,000.
@@ShinkuGouki Exactly. I built my own system at the beginning of 2020 after receiving an outrageous electricity bill. Thankfully being an electrician I was able to pick all the components myself and order them from all the right places. It took a while doing it myself especially the ground mount construction but it was satisfying by the end. Just rolled over 27 megawatts of solar since the install. Neighbor sent me her quote and I couldn't believe what I was seeing especially as it didn't include batteries.
He could have just hired real engineers to build the product for real, but instead chose to go to prison
My thinking also. They made more than enough to hire actual experts. However, I suspect they didn't want to do that for fear of having their ignorance highlighted.
@@scrumtious1 Non-disclosure agreements (NDAs) serve this purpose. You employ individuals who are required to sign an NDA before they build your product. If they disclose confidential information, they could be sued. In the United States, the justice system is often favouring the wealthy, well connected politicians, corporations, and large businesses, which means companies may have a better chance of winning in court, even if they are in the wrong, to deter whistleblowers. Also, companies are generally wary of hiring individuals who have a history of revealing confidential information, making reemployment challenging. So there should be no issues. Just look at what happened at Theranos.
Probably not. They certainly could have built a better product. The problem though was that the product just didn't have that big of a market. You can get similar power outputs out of a smaller more reliable generator. Especially at the time. They could have maybe made a much smaller company work. But it was never a billion dollar idea.
He’d have had to downsize and scale back to match the actual addressable demand, and change the payment structure to not rely so much on leasing, and of course, the CEO would have to live more modestly, albeit still successfully
Indeed. 😔
people worried about their static solar panel installations getting stolen? what?
in what society do you have to fear your very house getting dismantled by robbers?
Where do you live? Switzerland? 😂
@@DaviCa06 germany. I hold no sense of patriotism towards that country, but man hearing stuff likes this really makes it seem like it does some things right. then again, it's probably just the US being this dumpster fire.
Detroit
In liberal run California
also isn't a moveable solar panel easier to steal? xD
It wasn't a ground breaking invention, but it seemed to get enough interest and attention that this guy could have become a millionaire from running a legitimate business. Greed makes them think it will be a good idea to scam their way into becoming a billionaire instead, and for some reason they think no one will notice.
You missed the whole point of the scam as discussed in the video. He was able to generate all that interest via FRAUD. There was no interest without the fraud.
People didn't notice, for awhile.
Chris Nolan and Leonardo DeCaprio noticed and helped generate more interest starting at 5:12.
I don’t know how much you know about billionaires but often times they make a ton from scams and slavery and get away with it
The fact is all billionaires are unethical.
9:38 "Imagine using Google to build something that would net your company hundreds of millions of dollars"
Software Engineers: "Umm..."
I guess that was back when Google search actually worked ?
Jeff😮
Nowadays they use ChatGPT.
ONLY using google
you can learn a lot from Google.
So Berkshire lost 344mill and made 377mill on tax credit,.
And they get even more tax writeoffs for the loss to fraud.
Equilibrium 😎
Berkshire’s move was genius!
he could have gave it to the gov, at least 1% was going into something useful
Just "stay in your lane"
When I look at it I see 8 solar panels, a lithium iron battery, an invertor and a trailer, hardly worth much more then $10,000 to $15,000. I can't understand how intelligent people could look at it and think it is worth over $150,000.
If I need portable power I want the traditional generator because if it is cloudy this solar generator is not going to work very well.
And ironically places where there’s plenty of sun like Florida have cheap electricity.
If they made the battery big enough they could replace the generator every single day and charge it on their parking lot. Hollywood wouldn’t care as long they can label themself as green.
Let's just ignore the fact bro was able to sell drugs as a causal second job
Nice work. I’ve been on the AM24YS$ train for a while, never sold as they are always building.
As an investor, I’d be very careful to invest in a ponzi scheme. They’re often fraudulent.
@@xigaxhad3635 You didn't get the pun
I recommend demanding a Ponzi scheme disclosure statement before investing in a Ponzi scheme. I can’t count the number of times this has saved me.
Ya don't say!
Yes, as an investor too, I'd be carefull investining with companies that are about to go bankrupt. They could go bankrupt.
I’m surprised there’s no people recommending some random person and how they’ve tripled their investments in a month.
I've been on the inventor grind legitimately for years now. I have too much respect for myself and engineering to "fake it 'til I make it."
That is why we fail. The scammers make it even more difficult for us while they fly around in private jets.
What has your success been?
How do you feel about Elund Munsk then?
I have dreamed of being an inventor since I was a kid. I grew up and got into a good trade,but between the daily grind and normal life necessities,I haven't been able to create what I have planned,at least not yet.
Not to mention,I need about $30,000 USD to get started.
What are you inventing?
I bought a little AM24YS$ to bridge it to Base but the Eth fees are ridiculous. Without layer 2s, eth is useless.
Can you do one on that Vietnamese woman who scammed like $112 billion dollars and was sent to death?
We're talking about two completely different countries two completely different legal systems 🤔🤔🤔 so your statement has no relevance in this context
Based Vietnam keeping capitalist scammers in check
@@davidcaudill7779 What? Do you not understand what a suggestion/request is?
@@Praisethesunson if you want to use it for that comparison in the context I would find the Vietnamese system be barbaric and outdated just like the death penalty
@@Praisethesunson and you better do your homework on that situation right there it's with that Vietnamese lady that was way more complicated
The funny thing is it's actually a pretty good idea and was at the right time. If he had actually any engineering/scaling knowledge he could have pulled it off for real.
No. The idea was not feasible due to engineering constraints.
@@althunder4269 I am not an engineer, to me it looks like a good idea.
Question: What is its drawback, cannot generate enough power to be useful ?
@@jimmyzhao2673 Its just that you can get the same power output for something much smaller and more reliable. There is certainly some market for it. Just not a market big enough to make it worth it. People also just sell systems that make more sense. You can buy portable solar generators from tons of people. But they are usually just designed to throw in the back of a pick up truck and put together by hand fairly easily. Having a permanent trailer isn't really that useful. It limits where you can install and increases storage costs. It also lowers flexibilty. Regular solar generators you can mess around with storage and generating capacity by mixing and matching components.
It's a good idea to people with no idea beyond "it sounds like a great idea!!"
@@jennyanydots2389 so explain then
Cold fusion: imagine using google to build something that would net your company millions of dollar
Software engineers: *gulp* that’s craaaaaaaazy…
lol
Who ever wrote that line has a severe lack of self awareness... they seem to have forgotten that youtube IS google and that this channel is doing exactly that... imagine that!!!
StackOverflow LOL
Adding thousands AM24YS$ more in March. Hope it’s not over $1 by then
Let me get in on this scam before you run out of suckers!
Got in at AM24YS$ at $1 but will be holding it till $50. Even at that price market cap is reasonable for its tech.
Oh snap. Let me get in on this scam before you run out of suckers!
@@V3racious3 Can't wait until they're turned into food paste to feed pigeons.
I\'m betting AM24YS$ will perform well, it havent had a cycle yet and they have a strong community on both, and AM24YS$ update will make rollup fees even lower. Just my 2 cents. Great video goodvibes
Huge companies and banks smell scams miles from a distance , so to me they knew the guy would get caught one day but to them a few hundred millions, tax payer´s and investors money pouring back in with a profit plus the benefit of free ads to them as victims...is all they want. Why didn´t he make his company real with that amount of money?
This is an excellent point. That's why he was allowed to operate for so long before they "pulled the plug", using that alleged "whistleblower".
LOL no they got taken. Same as Theranos, Nikola, Madoff, Enron, etc. scammers and scamees. Even Buffett got greedy and was ripe for the picking.
@@althunder4269this is a very unusual thing for buffer to be a part of
What a stupid idea. People are afraid of their panels getting stolen. So they put them on a trailer, instead of on a permanent installation.... WTF lololol. A trailer is FAR easier to steal, I have installed solar, you cannot just snip it and walk off with it. Not unnoticed.
“Someone might hop onto my roof, undo the fastening of the panel, climb down off the roof with those massive panels, and repeat the process dozens of times.
That’s why my panels are in a ground level cart with wheels.”
lol ya this reasoning blew my mind
Given Carpoff and Madoff, it’s probably best to avoid investing with anyone who has “off” in their name.
Please don't discriminate against slavic and jewish eastern europeans
(((...)))
Something is off
@@CyberspacedLoner why, f it walks like a duck....
Its a real turn off
Can't help but wonder if these schemes would work better if the guy at the top DIDN'T go for the lavish lifestyle
The barrage of b-roll inadvertently made this a comedy
Seeing countless outrageous scam videos like that over the years with rich, influential people STILL falling for them can only lead to one conclusion : having wealth does not mean said wealth was aquired using ones brains.
Let this case be a demonstration that money does not necessarily change a person. It merely amplifies the person they really are.
The craziest thing to me is still: Robbing money gives you a higher sentence than taking a life.
So fun fact: I was working and going though training as an alarm dispatcher for the company that DC Solar used to secure their warehouse, at the time that the feds raided him in dec 2018. I also lived nearby so familiar with the name and location. A girl next to me also in training shouts out "I have a video alarm it's a bunch of guys in what looks like a car museum!" I said what's the account name and address? She said DC Solar. She showed me the motion activated video alarm, it was all of the feds busting in to seize his assets! part of his massive car collection he was storing in the warehouse. I never got to hear the call, but how funny it must have been to hear his reaction when she called down the contact list and asked him if there was supposed to be a bunch of people running around his warehouse that night LOL
They paid 150k to save 45k in taxes for 13k worth of equipment? What? And why isn't that allowed if the companies did pay 150k?
The classic tail of a loophole my dude.
Loopholes always have the "WTF" that is not right.
@@N0N0111 It's not a loophole if they lose 92k
@@nietur You miss the part he already made millions and had bought many exotic cars and a whole team?
I was wondering about that as well, but my best guess is just the fact that he was selling a 13k product for 150k. Them getting 45K in tax credit is still around 30%, so that's probably not the issue.
The companies only paid 30% upfront
Babe wake up cold fusion dropped
Gay.
@@MidnightVenturesAs well as fake.
Babe wake up, someone copied and pasted the that comment again
Weird! 🤡
Finally some NASCAR related in some way content on Cold Fusion
One has to screw up monumentally to end up in a Cold Fusion episode
Sound quality was just fine, awesome video
Depends on your finances . 1000$ in AM24YS$ is 4000 AM24YS$ if it goes to 50% of ath in 2024 thats a 600% gain. If it goes equal to ath . Its a 1200% gain.
I know you touched on Jeff's love for NASCAR, but it's worth mentioning his scam also nearly killed an up-and-coming driver's career and was directly responsible for the shutdown and sale of one of NASCAR's most prominent teams (Chip Ganassi Racing).
The driver was able to rebuild his career, but CGR had to be sold and the owner is still, to this day, suffering from the losses incurred from losing DC Solar as one of their primary sponsors.
This story makes little sense to me. Could no one involved count? Or rather that no one wanted to because they were hoping to gain money?
The solar generator had about 10 panels each. If I'm generous then one could assume a peak solar power of 4 kW. A typical generator provides anything between 2 and 15 kW. I have a hard time thinking that they could be a direct replacement for anything but the smallest of generators. What were these alleged customers using them for?
With all the money these companies wanted to invest they couldn't spend 15k to 20k to actually do a proper due diligence?
Right. They don't produce enough electricity to be useful.
They needed to feel all warm and fuzzy by saving the planet.
Haven't heard of this yet, what a story 🤔Keep up the great work, always interesting topics, Gogo 🙌
Its always a good day when cold fusion releases another banger documentary
Cold fusion uploading a video that isn’t about AI 🤯
Anyone with a small amount of experience with solar could look at his solar generator and know it wasn't going to work. It's just another full self driving or Hyperloop scam.
thanks for doing this... puts me in mind of Elizabeth Holmes and Theranos
Thought the same
This is why Kings and Queens had heads rolling very quick back in the days.
Yea but try and get thousands of bureaucrats who all disagree inWashington DC to ever take accountability and do something. Democracy the perfect system to keep the status quo in place.
@@rickybobby7276 The heads rolling part wasn't exactly done by the bureaucrats, if you catch my drift.
@@PlayinFreak Exactly, now whose head would roll? You have thousands of bureaucrats all pointing fingers at each other. Nobody takes responsibility. Nobody has the power to do anything. Nothing gets done. You have a protest using no weapons or deadly force (January 6th) and it's called an insurrection. This country has become a joke.
It's funny how "financial desperation pushed him to sell drugs again" are the words used when NOT describing a minority!! 😞
HE WAS A DRUG DEALER!!!
Let's be generous, and estimate that each of those Solar Panels produce 250Watts. You've got ten of those, so the maximum output you could achieve would be 2.5KW. Sure, that could power something small, but this is the sort of tiny unit that you see providing power to a motorhome. A 60KWH EV battery would take 24 hours to charge.
If you're talking about theft, what's easier to steal than something made for easy towing!
It boggles the mind to think that anyone with the slightest technical knowledge would see that this is a pretty limited market. Who wants a massive trailer, just to power a motorhome? It's just not that energy dense.
Still, people get carried away, and lose their minds when bubbles like this erupt.
How is "mounting solar panels and batteries on a trailer" an invention? This is something people did 20+ years ago with their camping trailers so they have off-grid power.
It's an idea cos you couldn't buy/rent one at the time genius
N don't talk to me about solar. I live off grid treacle
@@jamesstalin5871 An idea and an invention are two different things.
Audio was good for me! Thanks for posting!❤
I'm willing to be that the law firm gave him all the advice on the scam...I doubt he came up with such an intricate scheme on his own
Exactly!
I also pretty much doubt that guy add the schooling and the mental capacity to come up with such intricate plan alone. I even go as far to say that he as been used as a scape goat, he gets arrested and the real master minds behind it all, already got all the money they wanted.
I bet the law firm was telling him how to scam, and raking in commission, whilst also keeping evidence of all his wrongdoing so that if it ever went south they could testify or just try pin it all on him to keep their hands clean. After all, its a law firm, thats what they do.
Yeah, the law firm must have been so happy to find a guy like him - charismatic and ambitious with nothing to lose, yet not smart enough to see that he is being used as a fall guy. Would a guy like him honestly know how to set up shell companies? And they didn't even bother to refine the product, the law firm knew that they just riding on the 30%rebate benefit until the bubble burst, even Berkshire gained a bigger tax break than the amount they lost. The only loser here is the owner, his employees and the tax payers
Absolutely. He was not that smart.
Excellent video. These two are a piece of work! Congratulations on moving to a new house. The sound quality was great.
A mobile solar generator is the dumbest "invention" possible. I don't feel bad for anyone who lost money "investing" in solar panels on a trailer.
It's pretty dumb
This is why I have zero faith on government tax credit programs. Too often they become an incentive for fraud.
People don't understand how little energy is produced by solar panels. Example: the $150K trailers shown had 10ea, 300w panels = 3000watts. An avg of 4 hours/day (varies by latitude, but 4 is middle range) = 12,000 watt-hours/day, or 12 kilowatt-hours of energy produced per day. This is 360 kWh per month. The avg household in the USA consumes 900 kWh/month.
And this was expected to power events and charge EVs? An EV, with a 60kWh battery pack, would use 5 days of the trailer's power production to charge.
The lack of knowledge on the subject has made solar a scammer's dream.
The real moral of the story is: Screw over small people all you want and little will happen, mess with the rich and you do hard time.
the only way to not be caught is to scam poor people or be a politician
Scam a few people. You are a criminal. Scam everyone. You become a billionaire.
Isn’t that only things politicians do is scams poor people? Otherwise people with money could just buy what they need and paying taxes to have a politician do it makes no sense.
@@Praisethesunsontherefore scamming the wrong people
Billions means 'it cannot be a ponzi scheme. So many people cannot be fooled"
The onslaught of never-ending fraud over the past gazillion decades has - for all eternity -completely and utterly obliterated the concept of a "sophisticated investor". People need to shut up and stop using that term...there's no such thing.
Dope Content Cold Fusion 🤘😎💯💧
Breakfast and cold fusion Saturday
im gonna try it
Letting your intrusive thoughts win, eh? 😂
@fbi
Send it! 😂
Wow never heard of this in the news. Good video👍
I love your video so much, man
Taking advantage of an innocent gecko who wanted to help you save on car insurance; despicable 😡🦎
Oh the Irony... he could've have actually made a system that worked with his funding.
another very interesting video, thanks mate, i always look forward to your drops
Just from the first image of them in the start standing in court together smirking despite, you know, being in COURT for their billion dollar fraud, told me all I needed to know about these losers. Glad they got caught. Just think of how many people are out there getting away with stuff like this though...
It's interesting how similar this is to Theranos. It starts with an idea thats good on paper, but doesnt work (wll) in practice. They start "faking till you make it" only for them to never reach the "making" part. Even the paranoia and surveillance sounds similar to what happened with Theranos internally!
That's pretty much the entire tech world in a nutshell. Hype up a product to the high heavens and then either sell it off to some other sucker left holding the bag or release a garbage in a shitty state anyway and tech people have to pretend it's actually really cool and unique and they didn't just get duped dumping millions into a bad idea. Look at cyber trucks, decentra land, the Hyper loop, the robo truck that makes pizzas, pretty much anything out of the A.I hemisphere of tech.
you see it everywhere.
Like the Tesla semi, and their FSD and robo taxis which will never work.
Man I can’t wait for your new track that you featured at the end of the video. I need it. Great video as always man! 🤙🏼
Missed your videos. Glad to see you back
I'm not sure why the video skipped over this key detail....there are a lot of comments about how this could have been a legitimate business: it could not have been. 10 solar panels and some batteries is not nearly enough to power even a small load. 10 Years ago this would mean each trailer is generating 20kWh at BEST on a sunny day in the summer (I'm being generous, reality is closer to 5kWh). The most basic Tesla model 3 has a 60kWh battery -- you would need 3-12 trailers at $150k EACH TO CHARGE 1 CAR.
A 12K light on a movie set uses 12kw of power. Each trailer could collect sunlight all day and power ONE SINGLE 12K light for between 30 and 90 minutes, at best.
Those trailers were incredibly over priced. The people that invested in them were completely clueless about solar power, including Berkshire Hathaway. These trailers were wimpy rigs that you could have built for around $10k each. I can’t believe people were paying $150k for them!
@@rodneybrocke it's astounding that not a single person could do a back-of-the-napkin kWh calculation and determine these were off by orders of magnitude!
Very interesting...🤔
Great piece, sound was fine didn't even notice
Sound is ok, clean, no echo.
This guy won't be able to get out of prison until he is almost 80 years old (around 2047), by then he'll be 77.
Reminds me of Tesla superchargers hooked up to diesel generators.
Now superchargers cost more than gas 🤦♂️
Not a bad idea if you couple it with solar panels and battery storage!
You would still save a bunch on petrol and the environment to those that care, because the generator would only need to work, when the sun didn't shine enough to charge the main storage batteries. What I bet would be only a few times, is not like all super chargers are used constantly for hours on end, there's not that many EV's on the road still.
Tesla is a scam in itself.
From a glance, it was brilliant idea. But i think he should have started it for a small market like portable battery with solar panel attached to it (There are a lot of this kind of product nowadays). You can use it for emergency purposes. But, from a merit of silent operation and no smoke generated, i dont know it would be efficient to replace small diesel generator. Honestly, I really hate diesel engine fumes. Even if someone says "Yeah, you can just not inhale the fumes", well it won't solve the problem if the fumes are inhaled accidentally.
yes I agree selling substances from a glance is nice
no need to soundproof your room Dagogo - if you want to treat your audio you can anyway using a VST effect to remove any reverb - personally I didn't notice much difference, I did hear a slight change in audio at one point but I thought you'd maybe just changed the microphone or in a different location when recording, apart from that all good. :) thanks so much for these videos, I love them.
Sounded great buddy! Wasn’t aware of any echoing. 😊. Awesome vid as usual. Long time subscriber lol 😆
Incredible story once again.
When i hear "genius idea" and "napkin", i know its a scam. Its always the same bs story.
The Boeing B52 was designed on a napkin.
@@althunder4269 Yeah, they wrote down 4-engine, wide-body jet. That's totally the same as designing a plane. Definitely-really-totally.
@@tim3172 There's a video interview on TH-cam with the original Boeing B52 designers that disagrees with what you say.
Martinez, CA - a gritty cesspool!! Lololol!! Check out the real estate prices there 😂😂😂
10 years ago I worked at Lowe’s and they had some small business that was selling home size windmills and it was all 100% scam our stores pulled those things down so fast they sold them to 10 different people and most buying 2-3 at 10k a pop. It was only in Wa state and Lowe’s did everything they could to wash their hands of that co.
One of the pitfalls of being at the top is the onslaught of those trying to get what you have.
bernie madoff, jeff carpoff. The names just seem similar
Something is definitely *off* 😂
Dagogo love your work mate.
Another example of a guy who could have just gotten away with it if he had just grabbed even a small % of his money and went to a country that would just not care.
a mobile solar panel buggy? bro that sounds super easy to put together?
With enough lies he made it sound like a new portable generator
@Praisethesunson
But what gets me is... WHY? The product was easy enough to build. With the money he got, he could've easily hired experts and skilled workers, and just... deliver.
He got too drunk on easy money to see the opportunity of gaining a lot of money legitimately.
@@matheusadornidardenne8684 You don't become ultra rich building and selling a usable product.
I think he was dumb enough to believe that you did not need skill or experience to deliver.
Yeah, even a mechanic with no formal training could do it 😂
4mins since the video has been uploaded and people are talking about how a 23:03 long video is good wow
lol
Does he do early release for channel members? Some do, and that's how this sort of thing happens, isn't it?
bots
Gotta game for those sick upvotes bro
Watching it 5x speed perhaps?😂
These are the people that make genuine inventors have a hard time investing in real good ideas.
The hell I've never heard of this man.
Eventually, he knew he was going to get caught.
He had more than enough money to turn the scam into something legit, but he wasn’t smart enough to get it done.
Legit doesn't make you rich under the current economic order.
Crazy how this guy had so much time to use that money build an actual working mobile solar generator
You don't make a billion dollars by actually making something
The problem wasn't that his generators were bad (though they were), the problem was that his business model wouldn't work if done honestly.
The generators were not bad at all. They were actually great. I bought two of them at one of the bankruptcy auctions. The only problem with the generators were that they couldn’t hold enough panels to keep the batteries charged while being used. I added 30 additional panels and now run my entire house off of the SMA inverters and GMB batteries. And I sold the trailers for $3,000 apiece. I only paid $3500 for each generator at auction. It was a smoking deal. Thanks Warren!
@@yds6268 well. His company was in the solar energy industry he could have pivoted and started investing in solar companies and gaining an early stake in them
@@propshopprepthanks for sharing your experience with them
“You were selling air” 😂😂😭
Any scam is only defined as a SCAM, after big business were caught with it.
So big deal! “A fool and his money soon parts”…
Classic Cali people. Seen a lot in SD and LA.
the theranos-like scam or the selling substances ? lol
Classic logical fallacy. There are scumbags everywhere, friend.
@@vanesslifeygo both.
@seanpkrueger I lived there so that was my experience. Most of the higher ups be creating she'll companies and making themselves rich via investor money
His name rhymes with Madoff
Very informative video. Thx for the upload. The sound is good
Great episode. Sound was fine. Hope the move went well Diago
this is literally the American Dream xD