Welcome

Polygamists Admit $512 Million Fraud for Fuel-Tax Credit (1)

July 22, 2019, 6:33 PM; Updated: July 22, 2019, 9:18 PM

Four family members belonging to a Utah polygamist group admitted defrauding the U.S. of $512 million in renewable-fuel tax credits, with the leader saying the mastermind was an Armenian immigrant who owns a small oil and gas empire in Southern California. That businessman now faces trial alone.

The leader, Jacob Kingston, who was the chief executive officer of Washakie Renewable Energy LLC, pleaded guilty July 18 in federal court in Salt Lake City. He said his company falsely claimed that it produced or blended biodiesel fuel to qualify for tax credits. He also admitted laundering more than $100 million in ...

To read the full article log in. To learn more about a subscription click here.