Tag: e-biofuels

Biofuel executives have to pay $70M in lawsuit for defrauding RFS

Biofuel executives have to pay $70M in lawsuit for defrauding RFS

May 3, 2020 |

In Indiana, Bloomberg Law reports that e-Biofuels LLC and other defendants face a $70 million liability for violating the False Claims Act by engaging in a scheme to defraud the EPA’s renewable fuel program, an Indiana federal court said. “Alexander Chepurko’s whistleblowing efforts allowed the government to criminally prosecute some defendants in this case for […]

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E-Biofuels gets piecemealed out while execs sit at heart of SEC case

E-Biofuels gets piecemealed out while execs sit at heart of SEC case

October 7, 2013 |

In Indiana, the E-Biofuels biodiesel plant is being piecemealed out after having declared bankruptcy in 2012. The facility that was commissioned in 2007 is at the heart of a major tax and security fraud case led by the SEC against several of the company’s former executives. In total, the US Attorney has filed 88 charges […]

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$100M Biodiesel Fraud in Indiana? E-Biofuels ring nabbed by Feds

$100M Biodiesel Fraud in Indiana? E-Biofuels ring nabbed by Feds

September 18, 2013 |

In Indiana, federal officials are saying that a group of biodiesel operators associated with E-Biofuels stole nearly $100 million in a fraud scheme, and seven have been arrested in what has been described as the biggest fraud in the history on Indiana. Here’s what we know. The allegation is that the operators of e-Biofuels purchased […]

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e-biofuels lands Indiana grant

e-biofuels lands Indiana grant

December 13, 2011 |

In Indiana, Middletown biofuel company, e-biofuels, is one of four statewide recipients of a Community Conservation Challenge grant. The $145,413 grant will allow e-biofuels to retrofit and upgrade its existing steam boilers. The company will partner with the Indiana Soybean Alliance and the New Castle-Henry County Economic Development Corporation for this project. The CCC program […]

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Imperial, e-Biofuels hit $100M mark in 2010-11 biodiesel sales

Imperial, e-Biofuels hit $100M mark in 2010-11 biodiesel sales

September 15, 2011 |

In Indiana, Imperial Petroleum announced its wholly-owned subsidiary, e-Biofuels, LLC, produced and sold approximately 26 million gallons of transportation biodiesel in the Company’s most recent fiscal year ending July 31, 2011 resulting in revenues of approximately $106 million. The revenues are credited to the robust demand for biodiesel created by the RFS2 (Renewable Fuel Standard). […]

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e-biofuels triples sales

e-biofuels triples sales

[ 0 ] November 12, 2010 |

In Indiana, Imperial Petroleum announced that its wholly-owned subsidiary, e-biofuels, a Middletown biodiesel producer, sold 1.98 million gallons of biodiesel in October 2010 resulting in revenues of approximately $6.3 million for the month. First quarter revenues from biodiesel sales represent approximately $16.7 million on 5.2 million gallons sold. “Sales in calendar 2009 averaged 7 million […]

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