Evansville Man Sentenced for Investment Scam

An Evansville man will not serve prison time for an oil well investment scam.
An Evansville man will not serve prison time for an oil well investment scam.

John Shamo entered a guilty plea to fraud and failure to register securities.

A Posey County judge sentenced Shamo to two years of community corrections and two years of probation. He was also ordered to pay restitution to the people he ripped off.

Prosecutors say Shamo sold unregistered investment in oil wells.   
Page: [[$index + 1]]
comments powered by Disqus

"Like" Eyewitness News on Facebook to get realtime local news updates in your Facebook feed!

Follow Eyewitness News on Twitter to get up to the minute local news coverage in your timeline!

Find local businesses, restaurants, classifieds, and activities happing across the Tristate!

Sign up here to receive mobile alerts for school closings, severe weather, and more!

Share your photos and videos with the Eyewitness News team!