METCALFE COUNTY MAN PLEADS GUILTY IN THREE SEPARATE INDICTMENTS IN US DISTRICT COURT PDF Print
Tuesday, 18 March 2014 13:10

A Metcalfe County man plead guilty in US District Court on Tuesday to charges in three separate indictments including failure to file an income tax return with the Internal Revenue Service, mail fraud in connection with the solicitation of investor funds for oil drilling partnerships, securities fraud, submitting false statements for the purchase of a firearm, and for the illegal possession of a firearm by a person addicted to controlled substances.

54 year old Anthony L. Young admitted in court that from November 2007 through December 2008, he fraudulently solicited investments through his now bankrupt company, Young Oil Corporation. Investors believed the $750,000 solicited for each oil well represented the total drilling costs. However, Young admitted to using the majority of the money for other purposes including personal.

Young also admitted that he failed to file federal income tax returns as required by law for calendar years 2005 and 2006.Young also admitted that on June 7, 2010, in Metcalfe County he caused another person to knowingly make a false statement and representation on an ATF Form 4473 in purchasing a .45 caliber pistol from a licensed firearms dealer while being a person addicted to controlled substances, including cocaine and oxycodone.

At sentencing, Young faces a combined maximum term of 57 years in prison, a combined maximum fine of $1,200,000 and a three year term of supervised release. Sentencing is scheduled before Senior U.S. District Judge Thomas B. Russell on July 17 in Louisville.

 

Today is Allen and Erin Wilson Day!!  They will celebrate a Wedding Anniversary on Saturday!!

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