Wind, hydro and other renewables · United States · 2010–2023
Washakie Renewable Energy, the Kingston family and Dermen: biodiesel tax credits and RINs (United States, 2010–2018)
A federal criminal case concerned biodiesel tax credits and renewable identification numbers (RINs) claimed for fuel that was rotated through shipments and exports on altered documents. The Internal Revenue Service paid more than $511m; Dermen was found guilty after a jury trial in 2020 and sentenced to 40 years in April 2023, and Jacob Kingston to 18 years.
more than $511m
Tax credits paid by the Internal Revenue Service