Prosecutors trying to keep Gunselman locked up until trial date - KCBD NewsChannel 11 Lubbock

Prosecutors trying to keep Gunselman locked up until trial date

LUBBOCK, TX (KCBD) -

Newly released court documents say Lubbock businessman Jeffrey Gunselman, 30, paid back $15 million in a wire fraud case involving more than $40 million.

Federal agents raided Gunselman's south Lubbock business, Absolute Fuels, last year.

Later, criminal charges were filed and Gunselman was accused of creating renewable energy credits that were not backed up by actual renewable fuels such as bio-diesel.

Gunselman's company did try to make bio-diesel fuel, but it never met quality standards and federal records say Gunselman's company was never capable of producing the quantity of fuel that had been promised to other companies nationwide.

The newest records are part of an attempt by prosecutors on Friday to keep Gunselman locked up until his trial date. He was arrested in Boerne, Texas in June and has since been transferred to the Lubbock County jail.

Copyright 2012 KCBD. All rights reserved.

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