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Freedom Fuel stations sold gas a distributor says went unpaid for
CNBC • • nation
Key Points:
- A Georgia-based fuel supplier, Mansfield Oil, filed a federal lawsuit alleging that Syed Kazmi and his company KRSM obtained over 1.1 million gallons of fuel worth about $4 million between May and July, which remains unpaid.
- The lawsuit claims KRSM sold some of this fuel to stations in the Freedom Fuel Network, though the network itself is not named as a defendant or accused of wrongdoing.
- Freedom Fuel gained national attention in July after selling gas at steep discounts, praised by President Donald Trump as a sign of lowering fuel prices for American consumers.
- A judge partially granted Mansfield's request for a preliminary injunction, ordering the defendants to maintain a bank balance of at least $2.75 million amid the dispute.
- KRSM denies the allegations, calling it an accounting dispute over fuel invoices, and White House officials confirmed no contact with the defendants; Freedom Fuel Network has not commented.
