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On July 15, 2022, Sezgin Baran Korkmaz arrived in Utah in the custody of the U.S. Marshals Service. He is facing an indictment in Salt Lake City, charging him with laundering more than $133 million in illegal proceeds through bank accounts he controlled in Turkey and Luxembourg. The April 2021 superseding indictment alleges that the proceeds concern a scheme organized in Plymouth, Utah, by Jacob Kingston, Isaiah Kingston, and Levon Termedndzhyan to defraud the U.S. Treasury by filing false claims for more than $1 billion in tax credits allegedly for the production and sale of biodiesel by their company, Washakie Renewable Energy LLC.[1]
[1] U.S. Department of Justice, Turkish Businessman Extradited from Austria to Face Money Laundering and Wire Fraud Charges Allegedly Connected to $1 Billion Washakie Biofuel Tax Credit Fraud, Press Rel. 22-760, July 15, 2022.