The Clean, Green, Defrauding Machine!

Clean Green Fuel’s Rodney Hailey was charged in a criminal information filed on October 3, 2011 with wire fraud, money laundering and a violation of the Clean Air Act in connection with a scheme where he allegedly sold $9 million in renewable fuel credits allegedly produced by his company.

According to reports Hailey owned Clean Green Fuel and kept several locations of the company around Baltimore, Maryland. Hailey would register Clean Green Fuel with the Environmental Protection Agency’s (EPA) as a bio-diesel fuel producer.

In order to lessen the nation’s dependence on foreign oil and oil companies that market petrol in the United States companies are required to produce a given quantity of renewable fuel or for then to purchase credits called renewable identification numbers (RINs). RINs can be purchased from producers of renewable fuels, such as

“The information alleges that as the owner of Clean Green Fuel LLC, Rodney Hailey specialized in producing 38-digit ‘renewable identification numbers,’ each of which supposedly corresponded to the production of two-thirds of a gallon of biodiesel fuel; in fact, he allegedly sold more than 32 million RINs for over $9 million,” said U.S. Attorney Rod Rosenstein. “Oil companies bought RINs in order to comply with EPA regulations requiring them to support the production of renewable fuel. However, the information alleges that in reality Mr. Hailey did not produce any renewable fuel; he just made up RINs.”

Allegedly between March of 2009 and December of 2010 Hailey and his company sold over 32 million RINs which represented 22 million gallons of bio-diesel fuel to brokers and oil companies for at least $9 million. It’s alleged that in reality the company did not produce any fuel at all although Hailey has reported to EPA investigators that he manufactured the fuel from waste vegetable oil from around 2,700 restaurants.

Hailey faces a maximum sentence of 20 years in prison for wire fraud; ten years in prison for money laundering and two years in prison for violating the Clean Air Act. An initial appearance and arraignment are scheduled for October 13, 2011 – Source.

See also  Refunds Now Being Sent To Victims Of Express Consolidation Debt Management Services

If you have been scammed and would like to file a scam report, please click here.