Former Mid-America Energy Owner Told To Pay $23M

Law360, New York (February 2, 2010, 7:11 PM EST) -- In a civil case over an alleged investment scheme targeting senior citizens, former Mid-America Energy Inc. owner Gary Milby — recently indicted by federal authorities — was ordered Tuesday to disgorge $23.1 million in ill-gotten gains and interest.

Judge Joseph H. McKinley Jr. of the U.S. District Court for the Western District of Kentucky entered a final judgment requiring Milby to disgorge profits he allegedly made in the scheme and pay a $130,000 civil penalty.

The judgment comes about 15 months after Milby agreed to a...
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