News

Guilty Plea In Biodiesel Scam

Australian Could Get 69 Years In October Sentencing
View Comments
photo courtesy dailytelegraph.com.au

photo courtesy dailytelegraph.com.au

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

LAS VEGAS (AP) — A 64-year-old Australian man has pleaded guilty to charges in federal court in Nevada for his role in a scheme to bilk a U.S. biodiesel fuel program out of more than $41 million.

Nathan Stoliar pleaded guilty in Las Vegas Tuesday to two counts of wire fraud and one count each of conspiracy, conspiracy to engage in money laundering and making false statements under the Clean Air Act.

Under a plea agreement, Stoliar must forfeit $4 million and pay $1 million restitution. He faces up to 69 years in prison and $2 million in fines at his Oct. 30 sentencing.

Federal prosecutors say Stoliar and a Las Vegas man, James Jariv, used firms in Canada and Las Vegas to fraudulently generate millions of dollars’ worth of federally-funded credits known as renewable identification numbers.

 

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,080 other followers