Oklahoma Company To Pay $35 Million In Fines, Penalties In Biofuels Fraud Case

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POLITICO reports:

The Justice Department reached a settlement with an Oklahoma energy company on Thursday for alleged biofuels fraud, with NGL Crude Logistics agreeing to pay a $25 million fine and $10 million in other penalties – even though the company appears to have reaped a total of about $43.6 million in sales from fraudulently double counting biofuel credits back in 2011.

DOJ spokesman Wyn Hornbuckle said the company incurred costs in the process of committing the fraud, and the consent decree released by DOJ said that NGL Crude Logistics “does not have an ability to pay a penalty greater than that required by this Consent Decree.”

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