By SALINA POST
MCPHERSON - A Kentucky man was ordered Thursday to pay $25,000 in restitution to a McPherson County resident in a securities fraud case.
Bryan Scott Hurt, 52, of Glasgow, Ky., was sentenced Thursday in McPherson County District Court for one count of securities fraud, according to information from the Kansas Attorney General's Office. Hurt pleaded guilty to the charge on July 9, 2021.
In addition to the restitution, McPherson County District Judge John Klenda sentenced Hurt to three years of probation and ordered him to pay a $5,000 fine.
An investigation by the Office of the Kansas Securities Commissioner determined that Hurt’s company solicited a $25,000 investment in an oil and gas lease between December 2014 and January 2015 from a McPherson County resident. Investigators determined that Hurt diverted the investment for personal use and to pay other, unrelated investors, the attorney general's office noted in a news release.