Tuesday, June 30, 2009

Federal jury rules Baldwin biofuel entrepreneur must pay $10.4 million - al.com

Federal jury rules Baldwin biofuel entrepreneur must pay $10.4 million - al.com: "Montrose resident Jack Boykin spent years pitching a revolutionary invention to produce cheap biofuel from vegetable matter — a process so fantastic is seemed, to some, just too good to be true.

On Monday, a federal jury in Mobile determined it was too good to be true, and ordered Boykin's company to pay more than $10.4 million to a New York-based paper company that invested in the endeavor."