Latest Petro America Corp (PTRZ) Headlines Pe
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Posted On: 03/11/2014 2:50:23 AM
Latest Petro America Corp (PTRZ) Headlines
Petro America chief seeks new trial in fraud case
By BILL DRAPER - AP - Tue May 28, 3:32PM CDT
KANSAS CITY, Mo. (AP) — A former businessman convicted of bilking mostly poor investors out of millions of dollars is asking for a new trial, arguing that one of the jurors was a tailor who altered several of his suits that prosecutors said he purchased with investor funds.
Petro America chief's suit hurt by guilty verdict
By BILL DRAPER - AP - Mon May 20, 12:20PM CDT
KANSAS CITY, Mo. (AP) — The founder of Petro America Corp. has little chance of prevailing in a $100 million civil lawsuit he filed against prosecutors and the Department of Justice after a federal jury convicted him on six counts of felony fraud, a former federal prosecutor said.
5 convicted in Kansas City stock fraud case
By BILL DRAPER - AP - Wed May 15, 3:51PM CDT
KANSAS CITY, Mo. (AP) — A jury on Wednesday convicted the founder of a Kansas City company and four associates of cheating investors by selling them millions of dollars of worthless stock and spending the money on themselves.
Attorneys make closings in Petro America trial
By BILL DRAPER - AP - Tue May 14, 5:31PM CDT
KANSAS CITY, Mo. (AP) — Despite the best efforts by federal prosecutors to portray the company he founded in 2007 as worthless, Isreal Owen Hawkins told jurors Tuesday that Petro America Corp. is real, has real assets, and is in trouble only because big government decided to destroy it.
Closing arguments delayed in Petro America trial
By BILL DRAPER - AP - Tue May 14, 8:28AM CDT
KANSAS CITY, Mo. (AP) — Three weeks after the start of a securities fraud trial involving a Kansas City company whose leaders are accused of bilking unsophisticated investors out of millions of dollars, closing arguments that were supposed to begin Monday were pushed back a day because of problems with jury instructions.
Petro securities fraud trial nears end of 3rd week
By BILL DRAPER - AP - Thu May 09, 5:46PM CDT
KANSAS CITY, Mo. (AP) — A federal securities fraud trial involving a Kansas City company that claimed to have $284 billion in assets crawled toward the end of its third week Thursday amid a flurry of objections and a judge's admonition to the lead defendant that unnecessary delays would no longer be tolerated.
Petro America chief seeks new trial in fraud case
By BILL DRAPER - AP - Tue May 28, 3:32PM CDT
KANSAS CITY, Mo. (AP) — A former businessman convicted of bilking mostly poor investors out of millions of dollars is asking for a new trial, arguing that one of the jurors was a tailor who altered several of his suits that prosecutors said he purchased with investor funds.
Petro America chief's suit hurt by guilty verdict
By BILL DRAPER - AP - Mon May 20, 12:20PM CDT
KANSAS CITY, Mo. (AP) — The founder of Petro America Corp. has little chance of prevailing in a $100 million civil lawsuit he filed against prosecutors and the Department of Justice after a federal jury convicted him on six counts of felony fraud, a former federal prosecutor said.
5 convicted in Kansas City stock fraud case
By BILL DRAPER - AP - Wed May 15, 3:51PM CDT
KANSAS CITY, Mo. (AP) — A jury on Wednesday convicted the founder of a Kansas City company and four associates of cheating investors by selling them millions of dollars of worthless stock and spending the money on themselves.
Attorneys make closings in Petro America trial
By BILL DRAPER - AP - Tue May 14, 5:31PM CDT
KANSAS CITY, Mo. (AP) — Despite the best efforts by federal prosecutors to portray the company he founded in 2007 as worthless, Isreal Owen Hawkins told jurors Tuesday that Petro America Corp. is real, has real assets, and is in trouble only because big government decided to destroy it.
Closing arguments delayed in Petro America trial
By BILL DRAPER - AP - Tue May 14, 8:28AM CDT
KANSAS CITY, Mo. (AP) — Three weeks after the start of a securities fraud trial involving a Kansas City company whose leaders are accused of bilking unsophisticated investors out of millions of dollars, closing arguments that were supposed to begin Monday were pushed back a day because of problems with jury instructions.
Petro securities fraud trial nears end of 3rd week
By BILL DRAPER - AP - Thu May 09, 5:46PM CDT
KANSAS CITY, Mo. (AP) — A federal securities fraud trial involving a Kansas City company that claimed to have $284 billion in assets crawled toward the end of its third week Thursday amid a flurry of objections and a judge's admonition to the lead defendant that unnecessary delays would no longer be tolerated.
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