Ex-Oil Co. Exec Gets 5 Years For $13.4 Investor Fraud

Law360, New York (July 1, 2011, 3:52 PM EDT) -- Christopher Cello Smith, the brother of the ringleader of the $13.4 million Target Oil & Gas Corp. investor fraud, was sentenced to a five-year prison term Thursday by a Kentucky federal judge.

U.S. District Judge Joseph Hood handed down the penalty a day after he sentenced Smith's brother, former Target Oil President Michael D. Smith, to 10 years in prison. The judge deferred setting a restitution figure for 90 days for Smith but imposed a $3 million money judgment for forfeiture.

Smith's court-appointed attorney Thomas C....
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

USA v. Smith et al


Case Number

3:08-cr-00031

Court

Kentucky Eastern

Nature of Suit

Judge

Joseph M. Hood

Date Filed

December 11, 2008

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.