Joseph Furando was sentenced to 20 years in prison and to pay more than $56 million in restitution for his role in a scheme to fraudulently sell biodiesel incentives. Furando admitted he and his companies, New Jersey-basedCaravan Trading Company and CIMA Green, supplied Indiana-based E‑biofuels with biodiesel that was actually made by other companies and had already been used to claim government tax credits. Furando realized his profits through the prices he charged E‑biofuels. Over the course of approximately two years, the defendants fraudulently sold more than 35 million gallons of fuel for a total cost of over $145.5 million. The defendants realized more than $55 million in gross profits, at the expense of their customers and U.S. taxpayers. DOJ
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