[NEWS] Owner of NJ Biofuel Company Admits to $6M Gov’t Scam

– by Jerry DeMarco, September 30, 2016, Ridgefield Daily Voice

ridgefield_njThe owner and manager of a New Jersey feedstock collector and processor with offices in Ridgefield Park admitted double-dipping to generate more than $6 million in phony tax and renewable fuel credits, federal authorities said.

Pleading guilty to his role in the scheme, Malek Jalal, 52, admitted to a U.S. District judge in Ohio that his Unity Fuels bought fuel from a New York-based company that arranged for tax and RIN credits.

Unity then blended the fuel with other material and sold it back to the New York company in order to claim tax and RIN credits a second time.

Jalal also admitted to obstruction of justice for giving a federal grand jury doctored documents and destroying those that a subpoena ordered him to turn over.

READ MORE at Daily Voice

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