Prosecutors move to seize property linked to energy company

FILE - These undated file photos released by the Weber County Sheriff's Office show Jacob Kingston, left, and Isaiah Kingston. Two executives of a Salt Lake City biodiesel company linked to a polygamous group are pleading guilty to charges filed in a $511 million tax credit scheme. Court documents made public on Friday, July 19, 2019, show Jacob Kingston and Isaiah Kingston with the company Washakie Renewable Energy have pleaded guilty to charges including money laundering, mail fraud and conspiracy. (Weber County Sheriff's Office via AP, File)

OGDEN, Utah (AP) — Federal prosecutors are moving to seize a plant and more than 500 acres (202 hectares) of undeveloped land belonging to a Salt Lake City biodiesel company linked to a polygamous group.

The Standard-Examiner reports Washakie Renewable Energy CEO Jacob Kingston and CFO Isaiah Kingston, as well as others, have been charged in a $500 million tax credit scheme.

A 46-count indictment unsealed Tuesday alleges the Kingstons used money gained from the fraud to build out their plant near Plymouth and buy real estate and delivery trucks.

Prosecutors served notice of asset forfeiture action to seize properties in Utah, California and Texas.

The forfeiture list also had 10 vehicles, including a Ferrari, two Lamborghinis and a Bugatti Veyron.

Isaiah Kingston and his brother Jacob Kingston have pleaded not guilty.

Free News Delivery by Email

Would you like to have the day's news stories delivered right to your inbox every evening? Enter your email below to start!

Leave a Reply

Your email address will not be published. Required fields are marked *

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

This site uses Akismet to reduce spam. Learn how your comment data is processed.