A 64-year-old Australian man Tuesday pleaded guilty to charges that he was involved in a scheme to bilk a U.S. biodiesel fuel program out of more than $41 million.
Nathan Stoliar pleaded guilty in federal court to two counts of wire fraud and one count each of conspiracy, conspiracy to engage in money laundering and making false statements under the Clean Air Act.
Federal prosecutors say Stoliar and a Las Vegas man used firms in Canada and Las Vegas to fraudulently generate millions of dollars' worth of federally-funded credits known as renewable identification numbers.
Under a plea agreement, he forfeits $4 million and pays $1 million restitution. He faces up to 69 years in prison and $2 million in fines at his Oct. 30 sentencing.
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