An Albany man was sentenced Friday to serve 30 years in prison for his conviction in a securities-fraud case, according to a news release.
A judge also ordered David Kevin Lewis, 52, to pay $2.5 million in restitution.
Lewis is from Clinton County, but was an officer of a company in Richardson, Tex., called Always Consulting Inc., which promoted investments in oil and gas wells, according to the news release from Sarah. R. Saldana, federal prosecutor for the Northern District of Texas.
A jury convicted Lewis of conspiracy and securities fraud, ruling he made false statements to induce people to invest in a drilling program.
Lewis and others instead diverted the money to themselves or other company projects, according to the news release.
Lewis was not registered to sell securities in Texas, and his company hid information from investors, including that he had been convicted of felony fraud charges in 2002 and was under court order to repay $2.2 million to investors he'd defrauded earlier, according to the news release.
Two Texas men, Bruce Kyle Griffith, 59, and Thomas Alden Markham, Jr., 63, also pleaded guilty in the case. Griffith was sentenced to 100 months and ordered to repay $2.5 million, and Markham was sentenced to 21 months and ordered to pay $1.5 million, according to the release.
Bill Estep: (606) 678-4655. Twitter: @billestep1