INDIANAPOLIS (AP): Federal prosecutors say three Indiana brothers have pleaded guilty for their roles in a biofuels scam that bilked taxpayers and fuel buyers out of tens of millions of dollars.
Thirty-nine-year-old Chad Ducey of Fishers, 48-year-old Chris Ducey of North Webster and 44-year-old Craig Ducey of Fishers pleaded guilty last week and Tuesday to conspiracy, wire fraud and other charges. Craig Ducey also pleaded guilty to a related securities fraud.
The trio, who had faced a May trial, operated E-biofuels LLC from a central Indiana plant.
Prosecutors say they sold more than 35 million gallons of biodiesel to customers, charging prices well above what it was worth by claiming it was pure biofuel made from renewables such as vegetable oils.
A New Jersey man recently pleaded guilty in the scam.
