Three Indiana brothers pleaded guilty to perpetrating what a prosecutor called “one of the largest tax and securities fraud schemes in Indiana history,” a multi-state scheme to defraud biodiesel buyers and U.S. taxpayers.

Chad Ducey, of Fishers, Indiana, entered his plea in the Indianapolis Federal Court on Tuesday. His brother, Chris and Craig, pleaded guilty to their roles in the same scheme last week, the U.S. Justice Department said.

In addition, Craig Ducey pleaded guilty to a related $58.9 million securities fraud, which victimized over 625 investors and shareholders of Imperial Petroleum, a publicly-traded company and the parent company of the brothers’ E-biofuels in Middletown, Indiana.

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