Texas Woman Gets 22 Years For Oil And Gas Fraud

Law360, Dallas (November 9, 2016, 8:22 PM EST) -- A Texas state judge on Tuesday sentenced a woman accused of selling interests in phantom oil and gas exploration projects to 22 years in prison after she admitted taking about $225,000 from investors.

Susan Gay Pruitt, 45, had been set to begin trial Monday, but entered a guilty plea to charges of money laundering and theft of more than $200,000, both first-degree felonies, court records show. Following the plea, the court heard evidence during a sentencing phase of the case Monday and Tuesday and sentenced Pruitt to 22 years, with credit for 14 days already served.

Pruitt was the president of...

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