To complete my series on the GRNO scam, the company that was shut down by the SEC around the time GIFS was shut down, here is the final news release about that. What is a bit unusual about GRNO is not just the chicanery but the stupidity involved.
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Story last updated at 6:43 a.m. Wednesday, February 4, 2004
BRIEFCASE
Recycling company exec pleads guilty to tax counts
William Carraway, the founder of Charleston-based Green Oasis Environmental Inc., pleaded guilty Tuesday in federal court in Charleston to three counts of filing false income tax returns.
Judge Michael Duffy accepted the plea and will sentence Carraway after reviewing a pre-sentence report.
Carraway, 61, was charged with failing to report income from the sale of Green Oasis stock. He faces a maximum penalty of $300,000 and nine years in prison.
Carraway's wife, Mary Ann Carraway, previously had entered a plea of guilty for failure to file personal income tax returns. She was sentenced by Duffy on Jan. 14 to serve one year and one day.
Green Oasis markets an oil- recycling machine designed to convert waste oil into low-grade diesel fuel. |
