Oct 5
2007

Michael David George of Austin, Texas, was sentenced on October 5, 2007, in the U.S. District Court, Western District of Texas, San Antonio Division, Cause No. SA-06-CR-600(1), after having pleaded guilty to securities fraud. Through his company CKG Energy, Inc., George sold working interests in oil and gas wells and leases located in the State of Wyoming. However, he spent investors' money on himself and did not drill the wells as promised. In the process of committing this fraud, George made various misrepresentations and omissions likely to affect the judgment of the victims. George was sentenced to five years in the Federal Bureau of Prisons, followed by three years of supervised release, and ordered to pay restitution of $9,299,484 to investors.