Ringleader of $10M Petro Investment Scam Gets 30 Years

Law360, New York (October 09, 2013, 5:40 PM ET) -- The ringleader of a $10 million investment fraud scheme convicted in May of peddling shares of the bogus oil company Petro America Corp. to churchgoers and other investors was sentenced Tuesday to 30 years in prison by a Missouri federal judge.

Judge Brian C. Wimes of the Western District of Missouri sentenced Petro America’s President and CEO Isreal Owen Hawkins to 360 months in federal prison followed by three years of supervised release.

Hawkins was indicted in 2010 and convicted in May of conspiracy, securities fraud,...
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