Absolute Fuels was raided last week, and the feds aren't saying much.
Looks like it was something to do with fake Renewable Identification Numbers for biodiesel that wasn't actually made.
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Nov. 1, 2011 9:49 a.m. slantvaliant Dork
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Nov. 1, 2011 10:58 a.m. DrBoost SuperDork
I'm corn-fused.
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Nov. 1, 2011 11:36 a.m. JoeyM SuperDork
However, efforts to make bio-diesel fuel at the company's Anton/Littlefield facility had failed, according to court records. Tests showed the fuel was unusable.
In other words, he was spending the profits from the sales of a product that did not exist...I hate scam artists
Gunselman spent millions of dollars. Court records say Gunselman had 11 vehicles including a 2011 Bentley, and Shelby Cobra 427. He purchased a home in Boerne, Texas for $2.65 million. The company had purchased a private jet worth $2.5 million.
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Nov. 1, 2011 1:17 p.m. Dr. Hess SuperDork
How much of that was from our pockets, and our grandchildren's pockets via "shovel ready green energy jobs" stimulus money? I want my Cobra back.
Oh, and Boerne, TX is a real nice area. Pronounced "Burnie."
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Nov. 1, 2011 4:02 p.m. Conquest351 HalfDork
I'll take the jet or the house, their choice. Boerne is a nice place. So is Gruene (Green). LOL
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Nov. 1, 2011 4:49 p.m. Toyman01 SuperDork
Why doesn't this surprise me.
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Nov. 2, 2011 4:36 a.m. foxtrapper SuperDork
Having worked with these companies in the past, lets just say I'm not surprised either.
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Nov. 2, 2011 10:21 a.m. Strizzo SuperDork
Dr. Hess wrote:
How much of that was from our pockets, and our grandchildren's pockets via "shovel ready green energy jobs" stimulus money? I want my Cobra back.
Oh, and Boerne, TX is a real nice area. Pronounced "Burnie."
looks like another "E36 M3 show" for the O admin.
