Feds Continue Crackdown in RIN Fraud Case

John Davis

scalesofjustice1More charges are coming against an Indiana company that defrauded investors and the government over Renewable Identification Numbers. FuelFix.com reports the U.S. Environmental Protection Agency (EPA) is bringing charges against Evansville-based Imperial Petroleum and its wholly owned subsidiary, Middletown, Ind.-based e-Biofuels for falsely generating more than 33.5 million invalid RINs.

The EPA alleges that e-Biofuels generated more than 33.5 million invalid fuel credits “from at least July 1, 2010, through June 2, 2011,” and transferred most of those fuel credits, also called Renewable Identification Numbers, to producers or importers of renewable fuels such as ethanol or biodiesel.

The agency’s notices offer e-Biofuels and Imperial Petroleum the chance to discuss the matter with the EPA.

Under the Clean Air Act, the EPA can assess a civil penalty of up to $37,500 per day, per violation.

These are the latest in a series of charges stemming from this past fall when Imperial Petroleum’s president, Jeffrey Wilson, and Craig Ducey, e-Biofuels’ former president, were indicted in the scam.