September 18, 2017
The U.S. Securities and Exchange Commission asked an Indiana federal court Monday to approve settlements with two men who pled guilty to a biofuel investment scam, while seeking a judgment against a gas producer's ex-CEO who was convicted over his role in the scheme.
April 15, 2015
The owner of two New Jersey companies ensnared in a $145 million biofuel tax credits scam pled guilty Wednesday in Indiana federal court to criminal charges of wire fraud, conspiracy, money laundering and lying to investigators, the Department of Justice announced.
February 26, 2015
The U.S. on Wednesday urged an Indiana federal court to block any attempts by indicted biofuels executives to waive attorney-client privilege in an upcoming trial over an alleged $100 million biofuel tax credits scam, claiming that their refusal to discuss the matter impacts pretrial preparations.
September 18, 2013
Federal authorities on Wednesday charged an Indiana oil and gas producer with scamming investors and the government into thinking its now-defunct subsidiary made its own biodiesel, allowing it to bilk more than $100 million from fuel sales and receive various government incentives and tax credits.