Situation
Keystone Biofuel was a small, pioneering company in the biofuel industry. Principals of the company, Ben Wooten and Race Miner, found themselves in dire financial straits as a result of the Great Recession in 2008. To survive, they falsified biofuel production records, enabling the company to claim and sell tax credits for which it did not qualify. The strategy temporarily staved off financial ruin, but it led to charges for a white-collar crime.
All the information in this background comes from a Department of Justice press release and related articles.
