ABERDEEN — William T. “Tommy” Tacker has been convicted of defrauding the U.S. Department of Agriculture out of $2.8 million in bioenergy subsidy money for a plant in Mississippi.
Tacker was convicted Wednesday in federal court in Aberdeen and faces up to 50 years in prison.
Testimony began Monday in the case of the 56-year-old Tacker, who faced 10 counts of conspiracy, fraud and wrongful profiting.
The government said Tacker and a Tennessee attorney, H. Max Speight, filed false statements to obtain money for a biofuels business they operated in Nettleton.
Speight and Tacker were partners in the operation, Biodiesel of Mississippi Inc., which went bankrupt in 2006.
Speight had already pleaded guilty to one count, according to The Northeast Mississippi Daily Journal. He is awaiting sentencing.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info