The company was supposed to use the money to build mobile generators, which supply power at sporting events and other outdoor venues. But evidence suggested DC Solar “engaged in nearly no legitimate business,” the government said. The company built and leased only a fraction of the more than 12,000 mobile units it had claimed were in use, the FBI said. Instead, the company allegedly used much of the money from new investors to pay off old ones — and to fund the couple’s spending, authorities said.

Source: Los Angeles Times June 04, 2019 20:03 UTC