The founder of Colorado-based Octane International Ltd., a corporation whose primary business was raising money for the development of an alternative fuel additive called "vapor phase combustion," is facing indictment by a federal grand jury.

William C. Orr, 54, of Parker, Colo., was charged with 10 counts of mail fraud, four counts of wire fraud, and two counts of making false statements. He also faces five counts of tax evasion and six counts of failure to file tax returns.

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