Fact #160 NumbersEnforcement

$1.19 millionreturned to investors out of about $15.8 million raised by Target Oil and Gas

A Kentucky oil and gas company lured about $15.8 million from investors in several states and returned about $1.19 million in royalties; its president got 10 years.

Several states had issued a cease and desist order, which the owners hid from investors.

Source: WAVE 3 News. Read more: oil and gas investment fraud · case file

Sources

  1. Five sentenced in Target Oil and Gas investment fraud scheme. WAVE 3 News. Accessed 2026-10-28.