Evidence obtained in a federal investigation revealed that Strauss knowingly transferred millions of dollars for Jeff and Paulette Carpoff, two individuals who have since been convicted and sentenced for their roles in the largest criminal fraud scheme in the Eastern District of California. Jeff and Paulette Carpoff owned and operated DC Solar Solutions, Inc. and DC Solar Distribution, Inc. (“DC Solar”), California corporations that designed, manufactured and leased renewable energy products, specializing predominantly in the production of mobile solar generators. Strauss received $11 million from the Carpoffs. On Dec. 19, 2018, the first $5 million was transferred into Strauss’ IOLTA account and thereafter distributed to various criminal defense attorneys and bankruptcy counsel and to Carpoffs’ captive insurance funds, managed by Strauss’ captive insurance management company. Thereafter, on Dec. 28, 2018, Strauss received an additional $3 million, used to pay for the Carpoffs’ captive insurance fund premiums. Finally, on Jan. 15, 2019, the Carpoffs wired Strauss $3 million into Strauss’ IOLTA account. Thereafter, the funds were comingled in Strauss’ IOLTA account and completely spent over the next few months. By pleading guilty, Strauss admitted that by the time of the $3 million transfer on Jan. 15, 2019, he knowingly transferred and aided and abetted the transfer of funds from Carpoff to prevent and impair the government’s lawful authority to take such property into its custody and control. The defendant has agreed to pay $2,700,000 in restitution to the Federal Clerk of Court at or before the sentencing. Strauss faces a maximum penalty of five years in federal prison. He also faces a fine of up to $250,000, restitution, and three of supervision to follow the term of imprisonment. United States District Judge Richard M. Gergel accepted the guilty plea and will sentence Strauss after receiving and reviewing a sentencing report prepared by the U.S. Probation Office. Peter is a graduate of the New England School of Law, holds an LL.M. in estate planning from the University of Miami, and is a recent graduate and alumnus of the Harvard Business School’s Executive Education Owner/ President Management Program (OPM). Strauss Global’s Campus is located in the heart of South Carolina’s low country – Hilton Head Island, where he resides with his four children; Colin, Quinn, Rymer, and Penny. Strauss has been involved in setting up "captive insurance companies" for clients, Reports have mentioned Strauss as the “go to” guy for attorneys looking to move money into offshore accounts. His name and the names of his companies appear throughout offshore data leak databases – and are set up using sophisticated structures. In South Carolina alone, Strauss has over 400 companies registered in his name.
| Types | Person, Lawyer |
| Gender | Male |