Maryland man sentenced to 12.5 years in prison for biofuel credit fraud

February 26, 2013 |

In Maryland, the U.S. District Court sentenced Rodney R. Hailey to 12 years and six months of prison for selling $9 million in fraudulent renewable fuel credits to energy companies. Mr. Hailey has been ordered to surrender over $9 million in profits earned from the credits and must pay $42.2 million in restitution to 20 energy companies that were victims of fraud. Hailey illegally sold over 35 million Renewable Identification Numbers (RINs) through his fictitious biodiesel corporation, Clean Green Fuel LLC.

Print Friendly, PDF & Email

Tags: , ,

Category: Fuels

Thank you for visting the Digest.