How a Polygamist Used Biofuel to Steal $500 Million

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Jacob Kingston, a member of a controversial Mormon offshoot known as "the Order," pleaded guilty to the largest biofuel scam in U.S. history. This is how he was seduced by a flashy L.A. businessman, and how the partnership ultimately led to their downfall.
For more about the biofuel scandal, check out Jesse Hyde and David Voreacos' reporting in Bloomberg Businessweek:
www.bloomberg.com/news/featur...
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Опубликовано:

17 май 2024

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Комментарии : 533

@business 3 года назад

For more about the biofuel scandal, check out Jesse Hyde and David Voreacos' reporting in Bloomberg Businessweek: www.bloomberg.com/news/features/2019-06-24/the-polygamist-who-allegedly-scammed-the-u-s-out-of-a-half-billion-dollars?sref=zU1fOhDr

@happyraccoon4791 3 года назад

Now do The Bundy's and their All Mormon Militia traipsing around their Mormon controlled towns inside their imaginary nation of Deseret

@helderSilva77 2 года назад

Here in Portugal with the BES case (Banco Espírito Santo) in loans and robberies this case is crumbs!

@debrajdas4527 3 года назад

Polygamist + Biofuel + $500M... Never knew you could use them in one sentence.

@thedude5001 3 года назад

Yea, i dont get why its relevant that he is polygamist. Who cares?

@Neojhun 2 года назад

@@thedude5001 That's illegal too.

@lolhead7127 2 года назад

@@thedude5001 it's relevant because that polygamy is illegal is the reason why he hates the government and why he cooked up this plan

@toytulog576 2 года назад

@@lolhead7127 polygamy 1 guy with multiple wife n still feed their wife n children..? what the difference between a black man impregnate multiple black woman n left them?

@lolhead7127 2 года назад

@@toytulog576 you didn't need to add black man/woman in this do you? Are you trying to start something? And to answer your question polygamy also exists in some countries and it is totally upto the people involved in the relationship and the law, and one man leaving women after impregnating them I'll assume there it was consensual here if the woman demands for security and money it is her right and if she can take legal steps, the difference you can understand is one here is marrying people and starting to further their relationship here and the other is consensual coitus and then the end of relationship according to your question

@87knox 3 года назад

In the end, he did succeed in his mission of costing the government an awful lot of money.

@mizzypoo4827 3 года назад

Money doesn't mean much, if the USA government keep the printing press rolling..paper with a number. Added all these politicians wages combined..... its a drop in the ocean.. Irony, he's still costing government money, for the 30 or however many years he'll served.

@clocktower1164 3 года назад

I can't believe it ! *_No Chinese criminal gang ? No Chinese spy ring ? No stolen US Intellectual Properties ?_* No crime would happened in America without links to *_Big Bad China_*_ !_

@creatineenjoyer7345 3 года назад

@@mizzypoo4827 he took from our pockets. We pay taxes every month so guys like thus can have 5 wives and drive 1 million dollar cars... if you think thats okay than i wont argue anymore

@diapysik 3 года назад

@@creatineenjoyer7345 Taxdollars go to all sorts of things none of us like. Whether it's aid to countries we don't like, or fighting wars we don't support, or buying some mormon we don't like supercars. I'd be a lot angrier if he was stealing money that wasn't already haphazardly allocated by an incompetent government in a way that makes stealing it easy.

@caryfrancis8030 2 года назад

@Rajmund Csombordi Fire departments and roads is theft !

@SomethingSeemsOff 3 года назад

The 108 dislikes are from the Kingston family themselves.

@ypure3859 2 года назад

yes, one husband and all his wives

@vantastroganoff4370 2 года назад

I read longform It was unreal Pay the small PEOPLE Cheat them and someone will listen dirty bulk fuel around the world to gain the system

@theglassmaster3140 2 года назад

They multiple like rabbits. 151 now

@jamessones4044 2 года назад

The wives!!

@Snow_Crystal420 2 года назад

You literally are not wrong XD

@markmonfort29 3 года назад

"The polygamist underworld" is a phrase that reminds me that truth is stranger than fiction

@war5561 3 года назад

It’s totally a thing and the Kingston clan are the worst of it

@marilynlucas5128 3 года назад

🤣🤣🤣🤣🤣

@covenawhite4855 2 года назад

@@war5561 What about the FLDs that had child marriage.

@ranti-socialautocropper9890 2 года назад

Booooooooom🍺

@TheDanaYiShow 3 года назад

I never know I want to learn about these things, but these videos are extremely well made and I always look forward to them!

@presidentmphuthi2157 3 года назад

I find them so amusing - and mainly because of how much I don't anticipate them.

@clocktower1164 3 года назад

Once upon a time Bloomberg created a *_news_* accusing China of planting *_listening device_* into every。 single。 computer。 motherboard。 Bloomberg ought to continue that *_extraordinary tradition_* by making videos linking all the crimes committed inside the United States to that *_Big。 Bad。 China。_*

@vantastroganoff4370 2 года назад

You SHOULD I'm sure you will wanna hear about billions given away..to think no ID needed..apply & say I have 5 employees..you get 1-3 million U had PEOPLE using one bedroom as Farm .

@IdleByte 2 года назад

My only complaint was where they put Utah on the map... Way off.

@melaniewalker5226 Год назад

😂😂

@nikolaisafronov3452 3 года назад

If you have 7 kids and a third of a husband you might need help from the fed...

@cellocovers3982 3 года назад

lol

@cellocovers3982 3 года назад

Or help from anyone

@boedillard8807 3 года назад

Government is rarely the solution to any problem - nor is a mob.

@ryanroberts1104 3 года назад

If you have 7 kids you need to be spayed like a friggin cat. That should just be automatic. Too many kids, looking for welfare? First you're getting snipped.

@quantummath 3 года назад

😅😅😅👌

@LifeofKairo 3 года назад

This has the makings of a Netflix drama 😜

@mizzypoo4827 3 года назад

IF there a SCAM to be had... someone will come up with one, that's more outrages then the next.

@RSofio 2 года назад

It was. I watched the 2 hour show a year ago or so.

@LifeofKairo 2 года назад

@@RSofio I’ll add it to the list then 😊

@marshhen 3 года назад

These quick take pieces are such great journalism and you tell the story so well. I hope you will continue to make them.

@krisvq 2 года назад

This could not have been more disjointed and uninteresting...

@h1inc816 3 года назад

So he had made over $200M before he was caught? Would he have been able to keep the money had he stopped committing the fraud or made the numbers more realistic? If your not satisfied after $100M, idk what to tell you.

@ulysesj-a9659 2 года назад

you can't even buy your owen satellite its not enough anymore the value of the dollar is going doing wages going up making everything more expensive

@johnstonefield1935 2 года назад

Theoretically yes, practically no. Greed is undoubtable a huge part, but stopping is probably harder and less safe than you think. You've built whole departments for your fraud, baked it into processes/accounting throughout, and taught your people to do all these "normal" things. Changing those things would be hard, your fellow fraudsters might not like it, stopping doing those things makes them weird, and risks showing more/new information throughout. It also doesn't reduce risk that much, those processes and paperwork are already on the books, making "more" of the same probably doesn't change the risk of successful investigation as much as you would think. If it didn't raise red flags before, it probably won't moving forward. If it already raised red flags, and started inquiries, doing more of it probably won't change the outcome but gives you more money. Basically at this scale since you don't know if you're already caught or not you might as well steal more. It doesn't make the crime that much less likely to get caught but makes you massively richer which you can use for significant advantages (legal defense, hiding it, etc).

@theglassmaster3140 2 года назад

@@ulysesj-a9659 it's 100 million dollars dude. Lol. That's a lot of money buy any standards. What are you talking about?

@AwkwardYet 2 года назад

Stopping won’t help.

@thelords3394 2 года назад

With that many wives dude is selfish.

@DinoWinoSaur 3 года назад

One of the best journalistic series on youtube

@nlocnil3602 3 года назад

Definitely need a full multi part documentary on this!

@Power50505 Год назад

And call it Polydiesal

@IZotit 3 года назад

Don’t stop this phenomenal journalism! I love it

@ChiefStephenlouisthe2nd 2 года назад

Wow. Very very interesting. Two dudes that did the investigation really did some solid digging. Thank you for the info!

@yellow88si 3 года назад

WIRED magazine had a GREAT article on this a few months back. One of the BEST reads I have ever come by. Bloomberg touched on most of the story but I highly suggest reading the WIRED article.

@jungtarcph 3 года назад

I have not read it but I think it puts poly people in a bad light that has nothing to do with being poly.

@yellow88si 3 года назад

@@jungtarcph When and if you do read it... and I REALLY hope you do; it doesn't have any negative connotation to polygamy. It just gives you a background to Jacob's life. His rise and fall. They never mentioned anything in the article negative to poly. It was a totally neutral story about two men that made millions and probably billions and then eventually fell.

@genericamerican7574 3 года назад

@@jungtarcph what makes these polys look bad is their own "bleeding of the beast" hubris.

@joshmckee8022 3 года назад

These videos are very well made

@ferdtheterd3897 2 года назад

I don't like how much polygamy has been talked about recently, like they're trying to get people to feel like its normal

@triad6425 2 года назад

It is normal . It's just an option we have half the male ancestors as we do female because few men procreate with multiple women. As long as scrooge is consenting and everyone is taken care of I see no issue. Monogamy is rather recent

@kobalasteriyan378 2 года назад

they are consenting adults. Whatever model for a family/relationship they choose and if the both sides are fine with it - why not? I hear the children grow up to be quite healthy too, as they have a lot of siblings and are cared for.

@ferdtheterd3897 2 года назад

@@triad6425 yeah modern medicine is quite recent. And so is proper car safety... What's your point?

@simonphoenix3789 2 года назад

If homosexuality is normal, if transgenderism is normal, I don't get why Polygamy is where we draw the line. I'd argue its a lot more "normal" than either of those two things, having been an accepted part of many human societies for a long time.

@daryncollins7640 3 месяца назад

@@simonphoenix3789 i personally dont find any problem with polygamy but the way i have seen it done especially in churches like this i have a problem with like if you have 2 or 3 wives and are able to support them all and be kind to them all without any favoritism (which is basically impossible) thats fine but also if they have kids you need to make sure all of them from each wives actually have a father that dont just visit every few weeks and honestly i have never seen polygamy done the right way so thats probably why its unacceptable

@definitelyannpc2038 3 года назад

Polygamist, Biofuel, 500 Million. This is how I want my RU-vid recommendations.

@IHateEveryoneLots 3 года назад

These videos are brilliant

@henzoko5946 Год назад

Some more details. Levon not only had regular police working for him but also FBI and CIA agents. Not just agents in the US but also in Turkey, Spain, Belize, Armenia and many other places. He was also known for giving away a lot money to people here in SoCal

@OctavianTech 3 года назад

Love these investigative pieces

@antonvernooy6186 3 года назад

great doc i want more

@Tactical_DZ 2 года назад

I've been in Utah most my life, never heard of this until today. Fascinating information about these folks. Thanks for sharing.

@mendoncashon 3 года назад

I'd pick these videos over a Netflix subscription.

@joeking433 Год назад

Shhhhh!

@WhoDoUthinkUr 3 года назад

He hasn’t done anything worse then most of our sitting Politicians.

@danflores2346 3 года назад

Great story!

@NickHurrBoi 3 года назад

Greed always take these type of guys out.

@MayorSom 3 года назад

Bloomberg Quicktake FTW

@gdnygma490 3 года назад

These Quicktakes are amazing ... actually good content coming from the MSM

@esraeloh8681 3 года назад

Imagine being so thick, that you make a half BILLION dollars, & decide to just keep going until the inevitable letter of the law catches up with you, I mean, that's never work again for 6 lifetimes money......

@hindugoat2302 3 года назад

greed knows no limits... its not enough to have multiple mansions and 20 companies and a private jet... its never enough

@ethan60645 3 года назад

Anyone else get a 60 second ad with no skip button? Never seen that on yt before

@oldbatwit5102 3 года назад

I don't get any ads on youtube.

@shravansays 3 года назад

Nope 30 sec. Is the limit

@ethan60645 3 года назад

@@shravansays it was a fedex ad and there was literally no skip button. Refreshed the video and it was fine just never seen that before

@nplus1syndrome928 3 года назад

if two men can get married, why can't one man marry two women

@holitinne 3 года назад

If HBO combined Big Love and Bernie Madof into a series.

@drewjones3536 3 года назад

"And for whatever reason he chose the latter" bad choice of a verbal filler lol

@badmonkey2222 3 года назад

People are greedy, end of story.

@user-xk2ot7eg7f 3 года назад

There are SO MANY thieves out there walking on Earth....

@TLK22 3 года назад

Starting with the government.

@WallyTony 3 года назад

Amazing story

@mnikelonkatazo 3 года назад

I can't get my mind to understand why polygamy is illegal when all parties agree.

@ThumbDr 3 года назад

It’s illegal??!!

@mnikelonkatazo 3 года назад

It is a crime punishable by a fine or imprisonment (according to Google)

@ji-di7zr 3 года назад

@@mnikelonkatazo religion

@michaelf.2449 3 года назад

@@ji-di7zr its a legal problem who gets what in a divorce or a death?

@kin6701 3 года назад

Shout out to Chris Jones at 13:33 for such great smooth reporting.

@markfrellips5633 3 года назад

Feel like for a quicktake, this spent ages stressing the "lifestyle of the rich and famous" and none on the scam

@plexoduss 3 года назад

Right? I still don't know what that's all about. Bloomberg did a clickbait.

@TheThora17 3 года назад

I don’t really need to know how numbers were fudged between numerous companies by a staff of lawyers and accountants- boring! No thanks! The interest lies in how greed, even more so(!), consumed a polygamist….

@festusbojangles7027 2 года назад

@@TheThora17 no you are wrong

@ismailnyeyusof3520 3 года назад

One major lesson is that governments should never be allowed to get involved directly with business using taxpayers money. It’s a great way for fraud all over the world and is known as a great fraudulent opportunity by people all over the world.

@brendandmcmunniii269 3 года назад

Joseph Smith and Brigham Young would be proud of them

@preparedsurvivalist2245 2 года назад

Known him for decades and he said he did nothing wrong so it must be true. Thats the defense? No wonder he was convicted.

@chrischong6613 2 года назад

Yeah he got the wrong defense lawyer.

@athirstyguy 2 года назад

That title alone is a winner

@ndungur254 3 года назад

They look like psychopaths @ 13:49. Fast money is dangerous. People forget to cover their tracks, next thing, back to being broke.

@BlastinRope 3 года назад

Im convinced that this entire video was generated by an AI with the input (polygamist, biofeul, millionaire)

@Shuker8964 2 года назад

Novice here. Do weird things like polygamy always and only happen in Utah?

@xyckriz 2 года назад

man could have set a deadline to stop their crime. $100M is sufficient enough to run more legtimate companies and surround himself with law-abiding, morally upright, highly educated and highly intelligent management team.

@MrBarneyDinosaur 3 года назад

That title is like something from Mad Libs.

@aamon6393 3 года назад

biden is your president for 8 more years

@boedillard8807 3 года назад

I hate that expression - ultimately he paid the ultimate price. Wait, were his organs harvested while he was awake and without anesthetics? Nope - OK I guess her didn't pay the ultimate price. Did the tax payers get all the money back including their own legal fees - nope - didn't think so. Is he paying for his own imprisonment or will taxpayers be on the hook for $40K per year - Yep - thought so.

@quiggleyscripple Год назад

Lately, I've been wondering what Lamborghini is thinking about their brand now that EVERY SINGLE scammer in the world has one.

@rickstevens7292 3 года назад

wait, he got his PhD in engineering, yet they want to scam the system that gave him that degree? ok that's twisted...

@badmonkey2222 3 года назад

He was already a multi-millionaire when he decided to turn into a true scumbag, he was already a scumbag with three wives and 20 kids and had everything any man could want material wise before he wanted the world and that was his downfall, people are greedy and money is the root of all evil and that's just the bottom line.

@roshanpatro7816 3 года назад

The last time I was this early Bloomberg had a different logo 🤭🤭

@Ali80076 3 года назад

what does polygamy have to do anything with his scam? could have just easily called him the Mormon who stole 500 million dollars

@fajarreza1 3 года назад

should be on a "Make It" series

@Matisto1 3 года назад

Is there a reason why the focus of the lawsuit is focusing on Lev (the migrant) instead of Kingston who got his sentence reduced for cooperation?

@MayorSom 3 года назад

Easy rational: AG probably knows it is easier to convince the jurors that this 'foreign' unscrupulous biz man corrupted an All American Mid West.

@YaUwAk247 3 года назад

Seems like someone rolled over.

@Matisto1 3 года назад

@@MayorSom Yeah thats what I thought, it shows the racism thats part of the justice system.

@djeieakekseki2058 3 года назад

He stabbed the guy in the back.

@bennyg2688 3 года назад

That title is three punches to the face

@patw.6567 3 года назад

👊🏻👊🏻👊🏻

@originalunoriginal4055 3 года назад

Haha! As I read the title, I flinched in my head like 3 times!

@5PercentTint 3 года назад

That stimmy

@LIETUVIS10STUDIO1 3 года назад

Wait Desertec? That Desertec, of MDR fame?!

@buddtwin2 2 года назад

Horrible store tellers man I was falling asleep

@liquidizer12 3 года назад

Awwh comon man... Stop at like $50 million lol

@claudeyaz 2 года назад

does RICO not apply? Like literally family crime

@mylifeinvictus 3 года назад

Who wouldn’t be seduced by fast cars, private jets, and yachts?! LOL

@clumsytriangle2436 3 года назад

people who aren't shallow

@empireone450 3 года назад

@@clumsytriangle2436 oh please.. spare us the moral indignation

@mysterysolver514 2 года назад

The governement sure does not like competition

@MRHARLEYWOLF Год назад

Started wearing Cologne lol hahaha 🤣

@MrHalo80 3 года назад

Smh they got too greedy 🙄 what’s wrong with just taking a few million and settling down. There was no need in keeping the operation going they got what they deserved tbh

@meluk6991 2 года назад

Quitting while you're ahead is not the same as quitting.

@n00dles79 3 года назад

Yeah okay a guy named Lev who looks like that and calls himself the lion did nothing wrong.

@calmdown.8213 3 года назад

makes u just raelly hate polygamists. but it's almost like... being a criminal is more of an accurate way to refer to someone instead of their # of wives

@902pacific 3 года назад

grazie

@JunixKuizon 3 года назад

So how can they qualify as a third wife if polygamy is illegal to begin with?

@fantscher 3 года назад

Well, they are just "married" in their own little cult world. For the gov they are single mothers which plays nicely into their pockets.

@JunixKuizon 3 года назад

@@fantscher correct! So technically, basing on official govt documents they are not married. As a matter of fact, their ceremony is illegal. So they should be able to claim govt benefits related to being a single mother like childcare subsidy and so on.

@fantscher 3 года назад

@@JunixKuizon Dang it. Actually that makes sense 😂 the only differentiator being, that they share housing costs etc and are not actually taking care of the children all by themselves. So I guess they illegal part would be to not claim that part.

@GrabinGears 3 года назад

I've seen this on leaving polygamy one of those big cable network's

@Yotrek 11 месяцев назад

I get the feeling that known fraud is like known drug smuggling. We catch a very, very , very small percentage of the total fraud. Begs the question, in your life, how often is the hotel, business, commercial real estate, etc payed for and exists because of laundered money.

@BigDees19 8 месяцев назад

Just come to Los Angeles and it's non stop business made all for nothing to wash money

@jrichieander6832 3 года назад

Isaiah was way too happy 😆

@TheDavidlloydjones Год назад

Trivia du jour: at 11:30, note that "the East coast of Panama" is west of "the West coast of Panama." The northern and more easterly one, on the Caribbean, is west of the southern and more easterly one, on the Pacific.

@DarkshadeMusic 3 года назад

9:20 "he started wearing cologne" Smelling nice is a flex in the US? I didn't know.

@FabioTheGreat 3 года назад

“Starting cut his hair differently” Not only smelling nice but also looking presentable.

@DarkshadeMusic 3 года назад

@@FabioTheGreat Such a strange comment to make. You'd think the US is filled with unkempt individuals roaming the streets.

@vandyninja13 3 года назад

In the American interior west cologne is considered genuinely and bizarrely fancy lol... most men just smell like deodorant for better or worse

@Oleksiy777 3 года назад

@@DarkshadeMusic I believe there are millions of homeless in US. They say only in San Francisco area there may be up to 800 000 of homeless people. Don't think they have presentable look and cologne as their life’s first priority. This is not to say that this is US only problem. There is poverty all around the globe.

@ivanthegreatkenyan6647 3 года назад

🤣

@MichelNabil 3 года назад

This country is so corrupt

@inferno0020 2 года назад

A story of the self-made man we are not asking for

@wiskasIO 2 года назад

Who doesn't want to be friends with a guy called "The Lion"? lol

@ozzydemir2325 2 года назад

Sezgin Baran Korkmaz için izleyenler?

@aBOOBaMUSIC 3 года назад

the MONSTER called FAME...😂😂🤣

@imagelush5146 3 месяца назад

How is she a third or fourth wife if thats impossible according to the gov. She is a single mother.

@leeroy855 2 года назад

Danm and I get caught up for J walking .

@socialhostage8534 3 года назад

So how much do you guys pay for diesel in the US? 2 dollar subsidies for 1 gallon of bio-fuel. I thought you guys payed about 2 dollars for a gallon of fuel.

@peterbradshaw8018 2 года назад

The Salad oil scandal all over again.

@dildoshwagins2222 3 года назад

Got caught

@gregcooks9 3 года назад

The only thing I'm curious about is if the people that work at Bloomberg actually know where Utah is?

@wiskasIO 2 года назад

For whatever reason? It's called lot and lot of moola bro!!

@AncientPharaoh 2 года назад

Where is Lev from. What is Lev’s ethnicity.

@dfpytwa 3 года назад

Polygamist Mormons also control most of the domestic production of methamphetamine in north western AZ.

@jayjay9932 2 года назад

Lev Dermen became rich when he made the movie with Borat Sagdiyev.

@kcgunesq 3 года назад

If the woman isn't married in any legal sense and she has 7 children, wouldn't she legally be a single mother of 7?

@genericamerican7574 3 года назад

No. That would make her a spiritual wife defrauding government while her spiritual husband defrauded the government. That isn't bleeding beast that is becoming the beast. They ripped of the honest tax payers.

@kcgunesq 3 года назад

@@genericamerican7574 serious question: does the law care about spiritual wives? Please understand, I've never been to Utah, so I don't know if their laws address this situation in a way different from other states.

@quantummath 3 года назад

😅😅😅👌

@eldahalas7015 2 года назад

@@genericamerican7574 So what if woman makes these children from different man? How can it be proven ?

@lawxx6 3 года назад

Teach me Master ...I the student wants to learn

@Chad-Giga. 7 месяцев назад

So theoretically they could turn human bodies into B100 fuel

@genericamerican7574 3 года назад

Bleed the beast while becoming the beast.💲💰💰💰💲

@johnbts9216 3 года назад

This was similar to Crazy Eddies scam.

@constantinerocky5352 3 года назад

Lmaoooo never fuck with IRS

@simonphoenix3789 2 года назад

In this day age when a guy can decide he wants to be a woman and two men or two women can marry each other, its really strange that we draw the line on polygamy... what exactly is so bad about that? If the women aren't being forced into it, it should be legal.

@joeking433 Год назад

It came about when our country was Christian and we didn't like that the Mormon cult was practicing polygamy.

@johneclr5733 3 года назад

reminds me of the mafia and gass stations

@cupofjotv8195 3 года назад

Lev didn’t call himself the lion, lev is close to the Russian word lef (lion) which is a common nick name for any leova. If I’m not mistaken the name means lion hearted or lion.