Ky. Businessman Gets 20 Years For $34M Oil and Gas Scheme

Law360, New York (May 4, 2012, 8:58 PM EDT) -- A Kentucky businessman was sentenced to 20 years in prison Friday over an oil and gas investment scheme through his former company Mid-America Energy Inc. and Global Energy Group that allegedly defrauded investors out of more than $34 million, according to Friday news reports.

U.S. District Judge Karen Caldwell handed Gary Milby the sentence days after his alleged co-conspirator, former attorney Bryan Coffman, reportedly received a 25-year prison sentence for his role in the scheme, according to an AP report.

An attorney for Milby could not...
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