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American of Armenian descent Levon Termendzhyan was found guilty Monday on 10 counts including money laundering and mail fraud, AP reported.

CEO Washakie Renewable Energy Jacob Kingston, CFO of the same company Isaiah Kingston and Lev Aslan Dermen (aka Levon Termendzhyan), owner of California-based fuel company NOIL Energy Group, allegedly schemed to file false claims for renewable fuel tax credits. They were charged with laundering proceeds of a mail fraud scheme, which obtained over $511 million in renewable fuel tax credits from the Internal Revenue Service (IRS).

His attorney Mark Geragos said he was disappointed and pledged he would continue to fight to clear Dermen.

Geragos urged the judge to declare a mistrial based on the contention that jurors shouldn’t be kept in close quarters during the spread of the coronavirus.

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