The owner of a company that produced and sold renewable fuel and fuel credits was sentenced today to serve 18 months in prison followed by two years of supervised release, and to pay $2,857,029 in restitution and a $150,000 fine, for his role in a scheme that generated over $7 million in fraudulent Environmental Protection Agency (EPA) renewable fuel credits and sought over $6 million in fraudulent tax credits connected to the purported production of biodiesel.
According to court documents, Christopher Burdett owned a biofuel company based in Fort Pierce, Florida, that claimed to turn various feedstocks into biodiesel. However, when reporting the number of gallons they produced to the IRS and EPA, Burdett and General Manager Royce Gillham vastly overstated their production volume to generate more credits. When auditors sought more information from the company, Burdett and Gillham…
Verify any request for money or sensitive data by hanging up and calling the organization back using a verified number found on their official website or the back of your physical bank card.