New Jersey man, 2 companies plead guilty in biofuels scam

April 16, 2015 9:57 PM

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A New Jersey man and two companies he co-owns have pleaded guilty to federal charges in a biofuels scam that became one of the largest frauds in Indiana history and bilked taxpayers and fuel buyers out of tens of millions of dollars, prosecutors said.

Joseph Furando of Montvale, New Jersey, pleaded guilty Wednesday in federal court in Indianapolis to all of the charges he faced, including conspiracy, wire fraud, lying to investigators and money laundering. Guilty pleas were also entered on behalf of Caravan Trading Co. and CIMA Green, for their r...

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