Former CEO of Washington state biodiesel company chooses court over fraud plea

In Washington state, the former CEO of a biodiesel company in Pasco accused of fraud and imprisoned since 2013 has chosen to go to trial rather than accept a plea deal that would have given him a 4-year prison sentence. He says that he didn’t mean to swindle more than $10 million from investors, instead saying that the project went wrong rather than intentionally defrauding them, which led him to drink excessively and use cocaine.

This entry was posted in Biodiesel Report. Bookmark the permalink.