North Dakota oil executive sentenced to prison for fraud
BISMARCK, N.D. – A former North Dakota oilfield executive whose false claims about his company’s value resulted in more than $886 million in shareholder losses has been sentenced to three years in federal prison and ordered to pay back $406 million. The government had asked for a 20-year sentence for 61-year-old Joseph Kostelecky before his sentencing hearing. Kostelecky, of Dickinson,…
