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A U.S. District Judge today sentenced Rodney R. Hailey, of Perry Hall, Maryland to nearly 12 years and six months in prison, followed by three years of supervised release, for selling $9 million in renewable fuel credits that he falsely claimed were produced by his company, Clean Green Fuel, LLC. Hailey, age 34, was convicted in June of 2012 on eight counts of wire fraud, 32 counts of money laundering, and two counts of violating the Clean Air Act. He has been detained since the guilty verdict.

Hailey made more than $9.1 million from selling the false credits, and used the proceeds of the scheme to purchase luxury vehicles, including BMWs, a Mercedes Benz, a Rolls Royce Phantom, a Lamborghini, Ferrari, Maserati and others, as well as real estate and more than $80,000 in diamond jewelry. In all of these transactions, Hailey generally used cash or checks drawn on accounts he controlled to make the purchase, including a check for $645,330.15 to buy his home in Maryland. Continue reading →