Bruce Kyle Griffith, the former CEO of Always Consulting Inc. (ACI) in Richardson, was sentenced to eight years and three months in federal on Dec. 18 in U.S. District Court in Dallas.
Griffith was also ordered to pay restitution of $2.5 million to investors in purported oil and gas drilling exploration projects in Oklahoma. Griffith in 2012 pleaded guilty to two counts of securities fraud. ACI failed to drill wells or return investors’ money.
Also on Dec. 18, Thomas Alden Markham Jr., ACI’s geologist, was sentenced to one year and nine months in federal prison after pleading guilty to one count of misprision of a felony for failing to disclose he knew of the fraud perpetrated by ACI.