Appeals Court Upholds Convictions In Oil Scam
LOUISVILLE, Ky. (AP) - A federal appeals court has upheld the convictions of two men who ran an oil-and-gas drilling scheme in which investors lost millions of dollars.
The U.S. 6th Circuit Court of Appeals found no mistakes in the handling of the cases of 51-year-old former attorney Bryan Coffman and 60-year-old Tennessee businessman Gary Moss Milby. Both men were convicted in May 2011 of multiple fraud charges.
Prosecutors say the defendants spent their investors' money on cars, jewelry, yachts, parties and retirement accounts.
Milby surfaced in the public eye when he threw his daughter a lavish Sweet 16 birthday party that was featured on MTV.
Coffman is serving a 25-year sentence at the federal prison in Terre Haute, Indiana. Milby is serving a 20-year sentence at the prison in Ashland.
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