Firm Says it Was Sold Phony Fuel Credits
(Courthouse News Service) A fuel distributor claims two companies sold it millions of “fraudulently created, and thus invalid” renewable fuel identification numbers. RIN numbers are part of the U.S. EPA’s Renewable Fuel Standard program, to encourage use of renewable fuels.
…Vinmar Overseas sued Lansing Trading Group and Ocean Connect, in separate but similar complaints in Harris County Court.
…Vinmar, which is registered in the Bahamas and works out of Houston, says it bought 4.1 million RINs from OceanConnect, then resold them to other companies only to find out that they were phony, and worthless. READ MORE