Posted by:
summer
(
)
Date: July 20, 2019 07:39AM
The owners of Washakie Renewable Energy pleaded guilty to charges Thursday in what the government has called a $511 million biofuel fraud, and the pleas could have repercussions for the polygamous sect to which they belong.
Jacob O. Kingston, the company’s CEO, pleaded guilty Thursday to 41 charges including money laundering, fraud, conspiracy and witness tampering and obstruction of justice, according to a court docket. His brother and the chief financial officer, Isaiah E. Kingston, pleaded guilty to 17 counts.
Their mother, Rachel Ann Kingston, 64, also pleaded guilty to five counts. Jacob Kingston’s legal wife, Sally, pleaded guilty to two counts....
....Federal prosecutors earlier in the week filed an intent to seize dozens of homes, businesses and other properties. Some of them, including Jacob Kingston’s $4 million home in Cottonwood Heights and Washakie Renewable Energy assets, tie directly to the fraud."
https://www.sltrib.com/news/politics/2019/07/19/feds-move-seize-homes/The homes and businesses could be worth several hundreds of millions of dollars:
https://www.sltrib.com/news/politics/2019/07/19/look-some-businesses/