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The $100 Million Biofuels Scam

The US has charged four men operating E-Biofuels of Middletown, Ind., and two individuals from New Jersey-based Caravan Trading and CIMA Green with defrauding investors and consumers of more than $100 million after falsely claiming they used chicken fat and vegetable oils to make biofuels. The indictment alleges that the conspirators exploited a government … Read more »

Freight Train Crosses Border 12 Times ‘to Exploit Biofuel Loophole’

Canadian rail company CN shipped the same load of biodiesel back and forth over the US-Canada border 12 times, at a cost of $2.6 million, to exploit a loophole in the EPA’s renewable fuel standard, according to CBC. The shipments took place over the Sarnia-Port Huron border in 2010. The … Read more »

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