A Marana man, Daniel Jarrett Ridlinghafer, has been indicted by a federal grand jury in Tucson for Bank Fraud, Wire Fraud, and Mail Fraud.
The indictment alleges that the 37-year-old Ridlinghafer owned and operated Psalm 112 LLC, d.b.a. Tucson Solar Pros, a solar installation company based in Tucson. Beginning in January 2021 and continuing through July 7, 2022, Ridlinghafer engaged in a scheme to defraud at least 25 homeowners and two federally insured credit unions. Ridlinghafer, or his employees, signed fraudulent contracts with victim homeowners for the purchase and installation of solar power electrical systems on the victims’ homes. The victim credit unions then funded loans for many of the projects based on those contracts. After receiving payment from the victim homeowners and credit unions, Ridlinghafer abandoned the projects, failed to provide the victim homeowners any of the equipment they had purchased, and did not install any solar equipment on their homes.
Ridlinghafer allegedly defrauded the victim homeowners and credit unions out of at least $695,000.00.
A conviction for Bank Fraud carries a maximum penalty of 30 years in prison and a $1,000,000.00 fine. A conviction for Mail Fraud and Wire Fraud carries a maximum penalty of 20 years in prison and a $250,000.00 fine.