{"id":11943,"date":"2026-06-12T16:55:41","date_gmt":"2026-06-12T20:55:41","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=11943"},"modified":"2026-06-12T17:04:59","modified_gmt":"2026-06-12T21:04:59","slug":"white-river-energy-tax-credit-fraud-scam","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/white-river-energy-tax-credit-fraud-scam\/","title":{"rendered":"White River\u2019s Energy Tax Credit Fraud Scam"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-11944 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2026\/06\/Blog-Graphics31.png\" alt=\"White River Energy Corp\u2019s (WTRV) and SEC registered investment adviser Nepsis, Inc. are the subject of an ongoing DOJ criminal tax investigation into the sale of so-called \u201csovereign tribal tax credits\u201d that were fraudulently sold to investors. According to news reports, the claim was that they were falsely marketed as being allocated to tribes under the Indian Self-Determination and Education Assistance Act. In fact, they were not legitimate, and caused problems later for investors. White River and Nepsis invoked the names of multiple Native American tribes, and claiming exclusive access to these credits. To the brokers and investors, the companies were giving the incorrect impression that they were not only sanctioned by the tribes but operated within the tribes\u2019 inclusive legal framework. These tax credits didn\u2019t exist, and the named tribes disavowed any relationship with both companies. The Cherokee Nation\u2019s attorney general issued cease-and-desist letters demanding White River stop using the tribe\u2019s name.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2026\/06\/Blog-Graphics31.png 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2026\/06\/Blog-Graphics31-180x120.png 180w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>White River Energy Corp\u2019s (WTRV) and SEC registered investment adviser Nepsis, Inc. are the subject of an ongoing DOJ criminal tax investigation into the sale of so-called \u201csovereign tribal tax credits\u201d that were fraudulently sold to investors. According to news reports, the claim was that they were falsely marketed as being allocated to tribes under the Indian Self-Determination and Education Assistance Act. In fact, they were not legitimate, and caused problems later for investors. <a href=\"https:\/\/www.silverlaw.com\/blog\/white-river-energy-tax-credit-fraud-scam\/#more-11943\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>White River Energy Corp\u2019s (WTRV) and SEC registered investment adviser Nepsis, Inc. are the subject of an ongoing DOJ criminal tax investigation into the sale of so-called \u201csovereign tribal tax credits\u201d that were fraudulently sold to investors. According to news reports, the claim was that they were falsely marketed as being allocated to tribes under [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[595],"tags":[],"class_list":["post-11943","post","type-post","status-publish","format-standard","hentry","category-investment-fraud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>White River\u2019s Energy Tax Credit Fraud Scam &#8212; Securities Arbitration Lawyers Blog &#8212; June 12, 2026<\/title>\n<meta name=\"description\" content=\"White River Energy Corp\u2019s (WTRV) and SEC registered investment adviser Nepsis, Inc. are the subject of an ongoing DOJ criminal tax investigation into the sale of so-called \u201csovereign tribal tax credits\u201d that were fraudulently sold to investors.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/white-river-energy-tax-credit-fraud-scam\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"White River\u2019s Energy Tax Credit Fraud Scam &#8212; 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