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Adair Countian, 62, convicted of conspiracy to commit mail fraud Conviction on single count of conspiracy by Federal jury follows allegations by U.S. of "false and misleading representations about the chances of hitting productive oils, the length of tie the wells would produce, and the amount of profit the investors could expect. The investments, totaling around $10 million, were sold under the names Rick-Rod Oil, Big South Resources, R&R Plus, and Hydro & Green Global Energy." Sentencing is scheduled for December 5, 2018, in Frankfort, KY. The case was investigated by the United States Postal Inspection Service and the Kentucky Department of Financial Institutions, Division of Securities. The United States was represented by Assistant U.S. Attorneys Ken Taylor and Neeraj Gupta. Click on headline for complete story From U.S. Attorney's Office U.S. Department of Justice, Eastern District of KY FRANKFORT, KY - (Fri 10 Aug 2018) A Federal jury sitting in Frankfort has convicted Ronnie C. Rodgers, 62, of Columbia, KY, of conspiracy to commit mail fraud, wire fraud and securities fraud, arising from the sale of interests in oil and gas exploration ventures in South Central Kentucky, between 2007 and 2017. Summary of prosecution case: Rodgers, along with his brother, Ricky Rodgers, sold interests in oil and gas programs, in Adair, Clinton, Pulaski, and Warren Counties, and various sites in Tennessee, utilizing false and misleading representations about the chances of hitting productive oil wells, the length of time the wells would produce, and the amount of profit the investors could expect. The investments, totaling around $10 million, were sold under the names Rick-Rod Oil, Big South Resources, R&R Plus, and Hydro & Green Global Energy. United States District Judge Gregory F. Van Tatenhove scheduled sentencing for December 5, 2018, in Frankfort. Rodgers faces a maximum sentence of five years in prison, on the single count of conspiracy. The case was investigated by the United States Postal Inspection Service and the Kentucky Department of Financial Institutions, Division of Securities. The United States was represented by Assistant U.S. Attorneys Ken Taylor and Neeraj Gupta. This story was posted on 2018-08-12 03:10:16
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