Oneonta Company Owner Jailed for Fraud

An Oneonta renewable fuels company owner taking a plea deal to federal fraud charges will be in jail for just over five years. Prosecutors say Gregory Schnabel who owned GRC Fuels participated in a conspiracy to obtain $47 million in fraudulent EPA renewable fuels credits and over $12 million in fraudulent tax credits connected to the alleged production of renewable fuel. Eight other people in Ohio and one in Indiana have pleaded guilty to their roles in the conspiracy

Acting Assistant Attorney General Jeffrey Wood (Ohio) said, "Today's sentencing shows that the DOJ will continue to vigorously  prosecute those who seek to defraud the federal government and the public through unlawful renewable fuel credit schemes."