Feds Charge 7 In $132 Million Investment Scheme

By: AP (Posted by Melissa Brunner)
By: AP (Posted by Melissa Brunner)

WICHITA, Kan. (AP) _ The federal government has indicted seven men who allegedly cheated investors out of $132 million with false promises and phony reports about companies that leased drilling rigs and related businesses.

The U.S. Attorney's office in Wichita announced the indictment Wednesday. The defendants are charged with mail fraud, wire fraud and money laundering, among other counts.

Charges were filed against Michael McNaul, formerly of Hutchinson; Dale Lucas of Wichita; Russell Kilgariff of Preston; Lloyd Nunns of Hutchinson; Greggory Krause of Hutchinson; Steven Tallman of Owasso, Okla.; and Fredie Hembree of Hutchinson.

Defense attorneys for three of the men did not immediately return calls or emails, and it was unclear whether the others had retained attorneys.

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