Felony Plea in Biodiesel Scam

LAS VEGAS (CN) - An Australian man pleaded guilty Tuesday to five felonies, in a $41 million scam to generate fraudulent biodiesel credits.

Nathan Stoliar, 64, pleaded guilty to conspiracy, conspiracy to launder money, two counts of wire fraud and making false statements under the Clean Air Act, the U.S. Attorney's Office said.

He faces up to 47 years in prison and $5 million in fines and restitution.

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Email *

Submit