California man gets 5 years in Bakken fraud case

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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 This material may not be published, broadcast, rewritten, or redistributed.

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