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US Charges 7 People with Securities Fraud in Biofuels Scam

Three Companies and Seven People Charged by US Government for $100 Million Securities Fraud Scam in Biofuel Business On Wednesday, September 18th, federal prosecutors announced that a former Henry County, Indiana biofuel company’s owners and executives, along with two execs from a New Jersey biofuels company, would be charged with securities fraud for false claims regarding biofuels taxes and legislation. Allegedly, the biofuel scam cheated victims out of $100 million total. The securities fraud allegations are the largest in Indiana’s … [Read more...]