Biodiesel fraudsters sentenced to federal prision

In Indiana, United States Attorney Josh Minkler and Assistant Attorney General John C. Cruden for the Department of Justice’s Environment and Natural Resources Division announced the sentencing of two individuals who defrauded investors and biodiesel purchasers of millions of dollars.

Jeffrey Wilson and Craig Ducey were sentenced to serve prison terms of 120 months and 74 months, respectively, for their roles in multi-million-dollar fraud schemes involving: biodiesel tax credits, renewable fuel credits and shares of Imperial Petroleum Inc. Chad Ducey was sentenced to an 84-month prison term for his role in the same schemes.  These defendants were the last to be sentenced from a gaggle of seven charged co-conspirators.  The others, Joseph Furando, Katirina Tracy, Brian Carmichael and Chris Ducey were sentenced at prior hearings.  Although charged in three separate cases, all the defendants were involved in fraud involving federal incentives to produce renewable fuels, specifically biodiesel.