23 Feb '13, 12pm

Man sentenced to more than 12 years in prison for selling $9 million in fraudulent renewable fuel credits

Man sentenced to more than 12 years in prison for selling $9 million in fraudulent renewable fuel credits 23 February 2013 US District Judge William D. Quarles, Jr. sentenced Rodney R. Hailey, of Perry Hall, Md., to nearly 12 years and six months in prison, followed by three years of supervised release, for selling $9 million in renewable fuel credits which he falsely claimed were produced by his company, Clean Green Fuel, LLC. Judge Quarles enhanced Hailey’s sentence upon finding that he obstructed justice by concealing, selling and spending assets that were protected by court order. Judge Quarles also ordered Hailey to pay restitution of approximately $42.2 million to over 20 companies and forfeit $9.1 million in proceeds from the fraud, including cars, jewelry, his home and bank accounts, already seized by the government. Hailey, age 34, was convicted on 25 June 2012, o...

Full article: http://www.greencarcongress.com/2013/02/quarles-20130223....

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