Columbia man convicted of conspiracy to commit mail fraud

FRANKFORT, Ky.(WTVQ) – A Federal jury sitting in Frankfort has convicted a man on conspiracy to commit mail fraud, wire fraud, and securities fraud.

Officials say 62-year-old Ronnie Rodgers, of Columbia, along with his brother, Ricky Rodgers, sold interests in oil and gas programs, in Adair, Clinton, Pulaski, and Warren Counties, and various sites in Tennessee, utilizing false and misleading representations about the chances of hitting productive oil wells, the length of time the wells would produce, and the amount of profit the investors could expect. The investments, totaling around $10 million, were sold under the names Rick-Rod Oil, Big South Resources, R&R Plus, and Hydro & Green Global Energy.

United States District Judge Gregory F. Van Tatenhove scheduled sentencing for December 5, 2018, in Frankfort. Rodgers faces a maximum sentence of five years in prison, on the single count of conspiracy.

Categories: State News

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