October 8, 2013

Petro America founder is sentenced to 30 years in prison

A federal judge on Tuesday sentenced Isreal Owen Hawkins Jr., the founder and central figure in the Petro America Corp. stock scheme, to 30 years in prison Tuesday. Prosecutors had charged that Hawkins 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 alongside Hawkins.

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