Entrepreneur charged in biofuels RIN credit fraud

October 5, 2011 |

In Maryland, Rodney Hailey, the owner of Clean Green Fuel, LLC, has been charged by the U.S. federal government for selling $9 million in fraudulent renewable fuel credits and using the money to purchase a Ferrari, a Lamborghini, and a Maserati, and other items.

The U.S. Environmental Protection Agency stated Mr. Hailey has been charged with wire fraud, money laundering, and violation of the Clean Air Act in connection to trade in renewable identification numbers (RINs) supposedly produced by his company.
The government alleges that between March 2009 and December 2010 Haley sold over 32 million RINs to brokers and oil companies for at least $9 million. However, the government claims that Clean Green Fuel produced “no fuel at all.”

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Category: Fuels

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