Fraudster convicted, faces up to 484 years in prison for fake renewable fuels scheme

In Maryland, Rodney R. Hailey was convicted of wire fraud, money laundering and violating the Clean Air Act, in a biodiesel RIN fraud case, and faces up to 484 years in prison. The 33-year old was convicted of selling $9 million in fraudulent RINS, and faces sentencing on October 11th. RIN fraud cases have created a furor over the EPA’s “buyer beware” policy, as companies that purchased faked RINs face compliance penalties.

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