California man gets 5 years in Bakken fraud case

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Updated: 12/23/2013 2:33 pm

BILLINGS, Mont. (AP) — A federal judge has sentenced a California man to five years in prison for luring investors to sink money in what authorities said were fictitious oil and gas projects in eastern Montana's Bakken oil patch.

U.S. District Judge Sam Haddon also ordered Krisztian Gal of Yorba Linda, Calif., to pay $675,406 in restitution along with several co-defendants.

Assistant U.S. Attorney Carl Rostad said Monday the defendant is expected to appeal.

Gal was convicted by jurors in May on a single count of conspiracy to commit fraud for his part in a scheme prosecutors say duped unwary investors across the country. He was found not guilty on charges of mail and wire fraud.

Also convicted were Gal's brother, mother and stepfather. Appeals filed by their attorneys are pending.


©2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

0 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

No comments yet!

What's On

All content © Copyright 2013 Intermountain West Communications Company. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.
You may also view our Sitemap

Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.