MORE WEST VIRGINIA NEWS
West Virginia News
News from the region's first prime-time newscast. You'll find it First On Fox!
Appeals court upholds convictions, sentences of brothers involved in oil drilling scam
Reported by: Associated Press
Tuesday, April 15, 2014 12:59 PM EDT
A federal appeals court has upheld the convictions of two brothers convicted of running a multistate oil drilling scam that bilked millions from unwitting investors.
The Smiths ran a company called Target Oil and Gas. Prosecutors say the company asked investors to fund drilling projects in Kentucky, Texas, West Virginia and Tennessee but used fraudulent marketing materials and false geological surveys to persuade them.
Christopher Smith is serving a five-year sentence in federal prison. Michael Smith is serving a 10-year sentence.