Luxury cars, private jets, and piles of cash: Warren Buffett inadvertently funded the lavish spending of a couple accused of running an $800 million ‘Ponzi-type’ scheme

Warren Buffett may have inadvertently helped fund the lavish lifestyle of a couple as part of what the FBI calls an $800 million "Ponzi-type" scheme

Warren Buffett – Paul Morigi/Getty Images for Fortune/Time Inc

Warren Buffett may have inadvertently funded the lavish lifestyle of a couple as part of what the FBI is calling an $800 million “Ponzi-type” scheme, according to Bloomberg.

Buffett’s Berkshire Hathaway conglomerate invested $340 million into Jeff and Paulette Carpoff’s company, DC Solar, according to a company filing.

The scheme allegedly involved the sale of mobile solar generators to at least a dozen investors including insurance giant Progressive, paintmaker Sherwin-Williams, and several regional banks, according to Bloomberg.

Read more about the scam of Warren Buffett and Berkshire Hathaway

See another article we posted on the Warren Buffett scam

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