Feds Want Money, Jewels In Alleged Oil Co. Scam

Law360, New York (October 25, 2010, 5:59 PM EDT) -- The federal government is seeking the forfeiture of more than $495,000, about three dozen pieces of precious jewelry, several cars and a posh luggage set in relation to an investigation into Petro America Corp., a Kansas City, Kan.-based oil company that prosecutors say may be a fraud at nearly every level.

In an 81-page complaint filed Friday in the U.S. District Court for the Western District of Missouri, Devin Fields, a special agent in the U.S. Internal Revenue Service's criminal division, says the money and items...
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