A federal grand jury in Arizona indicted the owner of a solar company on 11 counts of Bank Fraud, Wire Fraud, and Mail Fraud on August 14, 2024.
Daniel Jarrett Ridlinghafer, 37, of Marana, is accused of defrauding at least 25 homeowners and two credit unions through his solar installation company, Tucson Solar Pros.
The indictment alleges that Ridlinghafer secured fraudulent contracts with homeowners for solar power installations.
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He then used these contracts to obtain loans from credit unions. After receiving payment, Ridlinghafer allegedly abandoned the projects, leaving homeowners without equipment or installations. The total loss to homeowners and credit unions is estimated at $695,000.
If convicted, Ridlinghafer faces up to 30 years in prison and a $1 million fine for Bank Fraud, and up to 20 years in prison and a $250,000 fine for each count of Mail Fraud and Wire Fraud.
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The FBI conducted the investigation, and the U.S. Attorney’s Office in Tucson is handling the prosecution. It’s important to remember that an indictment is merely an accusation, and Ridlinghafer is presumed innocent until proven guilty in a court of law.
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