DALLAS (AP) — A Kentucky man has been sentenced to 30 years in prison for defrauding investors who believed they were purchasing interests in lucrative oil and gas drilling ventures.
David Kevin Lewis of Albany, Ky., was sentenced Friday in Dallas and ordered to pay $2.5 million in restitution. He was convicted in September on a variety of charges that include securities fraud.
Two other Dallas-area defendants in the case previously pleaded guilty and were sentenced last month.
Federal prosecutors say the 52-year-old Lewis was the chairman of Always Consulting Inc., an oil and gas well promotions company with offices in the Dallas suburb of Richardson.
Lewis sent investment documents and newsletters to lure investors from across the U.S. Investor funds were used for his own purposes or to pay other ACI expenses.