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Charleston exec who stole $6M from DC fuel startup learns punishment

Posted on AllSides June 6th, 2024
From The Right

A longtime Charleston-based energy entrepreneur was sentenced to three years in prison on June 4 after being charged with embezzling nearly $6 million from a sustainable aviation fuel business he started five years ago. Federal prosecutors also said Bryan J. Sherbacow, 55, defrauded investors in his former company out of more than $15 million. The U.S. Justice Department recommended an incarceration period of 78 to 97 months, saying Sherbacow abused his position of authority at Alder Fuels for nearly two years and "stole to fund a lavish lifestyle." According to...

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https://postandcourier.com/business/charleston-bryan-sherbacow-washington-alder-fuels-renewables/article_24aa0208-2368-11ef-8492-f7566f89c5a1.html

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