Daniel Jarrett Ridlinghafer, Bank Fraud, Wire Fraud, Mail Fraud, Arizona 2024

Tucson Solar Pros owner Daniel Jarrett Ridlinghafer, 37, has been indicted on 11 counts of bank, wire, and mail fraud, accused of swindling at least 25 homeowners and two federally insured credit unions out of a staggering $695,000.

According to the indictment, Ridlinghafer, who owned and operated Psalm 112 LLC, a solar installation company based in Tucson, Arizona, engaged in a scheme to defraud his victims between January 2021 and July 7, 2022.

Ridlinghafer allegedly signed fraudulent contracts with victim homeowners for the purchase and installation of solar power electrical systems on their 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.

A conviction for bank fraud carries a maximum penalty of 30 years in prison and a $1,000,000 fine, while a conviction for mail fraud and wire fraud carries a maximum penalty of 20 years in prison and a $250,000 fine.

An indictment is simply a method by which a person is charged with criminal activity and raises no inference of guilt. An individual is presumed innocent until evidence is presented to a jury that establishes guilt beyond a reasonable doubt.

Ridlinghafer’s indictment is a result of a thorough investigation conducted by the Federal Bureau of Investigation. The United States Attorney’s Office, District of Arizona, Tucson, is handling the prosecution.

Case number: CR-2024-05232 TUC-RM. Release number: 2024-115_Ridlinghafer.

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