23 ms·
I'd much appreciate a description of the core thing here, without the narrative.
by Bromskloss 10y ago
I'd much appreciate a description of the core thing here, without the narrative.
- dkokelley 10y agoBiodiesel company unable to produce quality product, resorts to selling fraudulent biofuel credits (without underlying biofuel). Founder is caught and jailed.
- brianwawok 10y agoIf you don't read the article not sure this kind of comment adds anything to the community. Yes it's a long article. If too long for you skip it.
- foobarbecue 10y agoYour comment, on the other hand, was suuuuper helpful.
- seibelj 10y agoEPA allows biodiesel refiners to make up their own serial numbers. They sell the numbers in excel spreadsheets to oil companies. No one ever verifies that the numbers match real barrels of biodiesel. Criminals moved in
- ryandrake 10y agoTHANK YOU. >3000 words to 36. These long form articles are not for everyone, a TL;DR summary is always welcome.
- Dylan16807 10y agoThat's not really a summary of the article, which is about a particular company. And the article itself already has a nice condensed explanation of the fraud: http://www.bloomberg.com/features/2016-fake-biofuel-factory/img/feat_biofraud30_1200x720.png http://www.bloomberg.com/features/2016-fake-biofuel-factory/...
- blaisio 10y agoPeople do verify it (that's how this guy was caught). They just can't watch every facility all the time; there are too many.