top of page
  • Writer's pictureRon Kotrba

Michigan biodiesel exporter sentenced to prison for tax fraud


Chandra Yarlagadda from Bloomfield, Michigan, who owned and operated Alpha Bioenergy LLC, which purchased and sold biodiesel, was sentenced to two and a-half years in federal prison Aug. 6 for filing a false income tax return.

According to the U.S. Department of Justice, Yarlagadda admittedly “substantially overstated” expenses associated with the purchase of renewable identification number (RIN) credits on his 2009-’11 tax returns. The law requires companies that export biodiesel to purchase and retire RINs for exported volumes.

“For these three years, Yarlagadda reported RIN expenses totaling more than $14.2 million, when, in fact, he was only entitled to claim approximately $80,000 in RIN expenses for those years,” the justice department said. “Yarlagadda admitted that if he had not claimed these false deductions, he would have owed an addition $2.3 million in federal income taxes.”

In addition to the prison sentence, the judge ordered Yarlagadda to serve a year of supervised release and pay the IRS restitution totaling nearly $3.3 million.

Alpha Bioenergy was formerly known as Naturol Bioenergy LLC.

0 comments

Comments


Frazier, Barnes & Associates LLC
Agriculture for Energy to Grow Hawaii's Economy
Inflectis Digital Marketing
Clean Fuels Alliance America
Plasma Blue
WWS Trading
Sealless canned motor pump technology
HERO BX: Fuel For Humanity
Imerys
Veriflux
R.W. Heiden Associates LLC
CPM | Crown Global Companies
Clean Fuels Alliance America
Engine Technology Forum
Topsoe
Biobased Academy
Evonik
Michigan Advanced Biofuels Coalition
Missouri Soybeans
Ocean Park
Oleo-X
Desmet
Soy Innovation Challenge
Myande Group
bottom of page