A Florida man has pleaded guilty to charges related to a massive biofuel fraud scheme that netted over $7 million in fake EPA renewable fuel credits and sought over $6 million in fraudulent tax credits.
Royce Gillham, the general manager of a Fort Pierce biofuel company, admitted to falsifying production records to inflate the company’s renewable fuel credits.
He and his co-conspirators lied about the amount of biodiesel they produced to receive more credits from the EPA and IRS. They also provided false information to auditors to cover up their scheme.
Gillham faces up to five years in prison and a $250,000 fine for conspiracy to commit wire fraud and filing false claims. A sentencing date has yet to be determined.
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The case was investigated by the IRS Criminal Investigation and the EPA’s Criminal Investigation Division.
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