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Kansas Man sentenced for investor scheme

(AP) — A Kansas man whose Missouri-based company defrauded thousands of people out of more than $10 million has been sentenced to Screen Shot 2013-10-09 at 7.22.27 AM30 years in prison.

Israel Owen Hawkins Jr., founder of Petro America Corp., was sentenced Tuesday for conspiracy, securities fraud, money laundering and other charges in a scheme that promised people big returns for investing as little as $100.

Prosecutors say Hawkins, of Kansas City, Kan., and others defrauded 12,000 victims of more than $10 million. Nine others had pleaded guilty to various crimes and four others were convicted at trial. Hawkins also was ordered to pay restitution of more than $10 million.

Three other people involved in the scheme were sentenced Tuesday, and others will be sentenced in the coming weeks.

 

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