12-12-12: Biodiesel Fraud Case Raises Questions About Federal Program

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In a case that sent shock waves through the biodiesel industry, a federal jury has convicted a biodiesel manufacturer, Rodney Hailey of Baltimore County-based Clean Green Fuel, of fraud for pocketing $9 million selling 23 million gallons of biofuel that did not exist. The case raised questions about the federal alternative fuel credit trading program that Hailey manipulated. Prosecutors said Hailey used the money to buy luxury cars including the Lamborghini above, as well as diamonds and real estate.