Friday, August 10, 2012

Fraud in the biofuels area

Jeffrey David Gunselman of Absolute Fuel was charged with wire fraud in connection with the sale of Renewable Identification Numbers [RIN] .

Of the ill-gotten loot:

Gunselman allegedly made several lavish purchases with the money: $1.6 million on a Gulfstream aircraft, $355,000 on a Patton demilitarized tank, $166,000 on San Antonio Spurs season tickets and corporate sponsorship, $100,000 on credits at Las Vegas casinos, $2.78 million on homes in Lubbock and Boerne, and more than $700,000 in several sports cars.

Hmmm, a tank or San Antonio Spurs tickets? Tough choice.

See Biofuel Cheater Bought Patton Tank With Fuel Credit Money, Feds Say


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