Calif. woman gets 18 months in Bakken scam
Updated On: Apr 03 2013 08:15:35 AM MDT
A California woman has been sentenced to 18 months in prison for her role in a scam that duped investors across the country into sinking money into fictitious oil and gas projects in eastern Montana.
Dana Yvonne Kent of Santa Ana, Calif., was sentenced Monday by U.S. District Judge Sam Haddon after previously pleading guilty to one count of investment fraud by wire.
Under a plea deal, prosecutors dropped charges of conspiracy to commit fraud and investment fraud by mail.
Authorities say Kent and five co-defendants participated in a scheme that convinced unwary investors to sink $673,000 into a fictitious drilling project in Montana's Bakken oil patch.
Her co-defendants pleaded not guilty after refusing deals offered by prosecutors. They are slated to go to trial April 29.