A businessman and his co-conspirators have been sentenced for stealing over $500 million from a government biofuel program.
The U.S. government is attempting to recover the losses by seizing Washakie assets and properties believed to have been purchased with laundered money.By Nate Carlisle | FOX 13A judge Friday sentenced a businessman that stole $511 million from a government biofuel program to 18 years in prison.
Another co-defendant, who is not kin to the others, Lev Dermen, was sentenced Friday afternoon to 40 years in prison. Washakie promoted itself on television and in other advertisements as taking used cooking grease, cornstalks and other biological materials and turning them into biodiesel at its plant. In reality, according to evidence in the case, Washakie made little fuel.
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