Huge green energy fraud case likely delayed - KCBD NewsChannel 11 Lubbock

Huge green energy fraud case likely delayed

Jeffrey Gunselman, image from Facebook Jeffrey Gunselman, image from Facebook
LUBBOCK, TX (KCBD) -

Most likely the trial of businessman Jeffrey Gunselman, 30, of Lubbock will be delayed.  Gunselman faces many counts of wire fraud and money laundering related to his Lubbock-based company Absolute Fuels. 

His defense attorney, Dan Cogdell of Houston, said Thursday in court records that an October 1 trial date "… denies Gunselman the amount of time necessary for effective preparation." 

Court records also said Thursday, "Gunselman has signed a waiver of his rights under both the Speedy Trial Act and the Sixth and Fourteenth amendments to the U.S. Constitution."  Gunselman is asking for a delay of 120 days or more.

Prosecutors are not objecting to a ruling that labels the case as "complex litigation," which would then justify the delay.  U.S. District Court Judge Sam Cummings has not ruled yet but in the past he has granted such motions when both sides agree.  

Gunselman is accused of selling $40 million worth of fake RIN's or renewable energy credits.  He's also accused of spending the money lavishly on things like a $2.6 million mansion and a private jet.  Gunselman has turned over $15 million to federal officials.  He remains locked up in the Lubbock County jail, pending trial.

Copyright 2012 KCBD.  All rights reserved.

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