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Trenton NJ, Senator Anthony M. Bucco said Governor Phil Murphy continues to refuse to discuss the huge costs and State mandates likely coming down the pike as he plows forward with his plans to fully electrify New Jersey.
As a business owner, you understand that keeping costs low is critical for success. One of the easiest and most effective ways to save money is by making energy-efficient upgrades to your facility’s lighting system. By doing so, you can reduce your electricity consumption and lower your utility bills each month. Furthermore, with today’s technological advancements in lighting systems, it’s easier than ever before to make energy-saving upgrades without sacrificing quality or visibility. Here are some useful tips for improving the efficiency of your business’s lighting system.
Continue reading Energy-Saving Lighting Tips to Help Your Business Save Money
the staff of the Ridgewood blog
Ridgewood NJ, the reality about the real 21st century energy revolution Is that it’s mostly shale oil and gas, not so called “Green Energy”. While the politicians and the TV talking heads keep “charging at windmills” telling you wind and solar are the energy sources of the future.
the staff of the Ridgewood blog
Ridgewood NJ, supporters of Phil Murphy’s Energy Master Plan take note ,Germany’s experiment in Green Energy is a major fail. Out of necessity, Germany’s Socialist/Green coalition government has announced it will have to increase the burning of coal to reduce its dangerous dependence on Russian oil and natural gas. Underlining that dependence was Russia’s announcement that it was cutting gas supplies through the Nord Stream 1 pipeline (Trump warned you) for “technical reasons.” In other words: a form of blackmail.
Prosecutor: Montvale businessman made “tens of millions” in fraud
APRIL 16, 2015 LAST UPDATED: THURSDAY, APRIL 16, 2015, 1:21 AM
STAFF WRITER |
THE RECORD
* Faces up to life in prison and $134.5M in fines for a scheme that bilked the federal government
“April 15, tax day, is a fitting date for Mr. Furando to accept responsibility for his crimes, which defrauded U.S. taxpayers of tens of millions of dollars.”
JOSH J. MINKER, U.S. ATTORNEY FOR THE SOUTHERN DISTRICT OF INDIANA
A Montvale businessman earned tens of millions of dollars as part of one of the largest frauds in Indiana history, prosecutors said on Wednesday after he pleaded guilty to conspiracy, fraud and other charges.
Joseph Furando, 49, and two companies he owned, Cima Green LLC and the Caravan Trading Co., both in Park Ridge at the time of the crimes, pleaded guilty in U.S. District Court in Indiana to participation in a scheme that prosecutors said fraudulently sold more than 35 million gallons of fuel that cost $145.5 million.
No date was set for Furando’s sentencing.
The pleas, following a guilty plea in August by a Ridgewood businesswoman who worked for Furando, Evelyn Katirina Pattison, also known as Katirina Tracy, leave three Indiana-based defendants to face trial in the case beginning on May 11 in Indianapolis.
“April 15, tax day, is a fitting date for Mr. Furando to accept responsibility for his crimes, which defrauded U.S. taxpayers of tens of millions of dollars that Congress appropriated for energy independence and a cleaner environment for all of us,” said Josh J. Minker, the U.S. attorney for the Southern District of Indiana.
Furando, who described the scheme to colleagues as “alchemy,” abused a federal program that offered companies a tax break for using environmentally friendly biodiesel, which contains recycled oil, prosecutors said.
Although the program awarded only one tax credit for each gallon used, Furando and his companies bought biodiesel that had already earned the tax credit and sold it to an Indiana company, E-biofuels, as newly produced fuel, prosecutors said.
E-biofuels then sold the fuel and claimed a new tax credit, selling the fuel at an inflated market price because it had the credit attached, prosecutors said.
The scheme realized “huge per gallon profits” for all the conspirators, sometimes more than $12,000 a truckload, prosecutors said.
https://www.northjersey.com/news/business/montvale-exec-pleads-guilty-in-biofuel-tax-fraud-1.1310536
