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.

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