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June 27, 2009

Jury convicts 2 men in $4 million fraud scheme

TULSA, Okla. (AP) — A federal jury has convicted two men in a $4 million money laundering conspiracy and investment fraud case.



After a two-week trial, the jury returned the verdict yesterday against 61-year-old Joseph L. Thornburgh of Mounds and 59-year-old Steven Fishman of Corona, Calif. The two men had been indicted in November 2007.



U.S. Attorney David O'Meilia says the fraud involved the sale of 19th-century railroad bonds and obscure 100-year-old Chinese bonds to more than 400 investors, many of whom were sheep farmers in New Zealand.



Fishman and Thornburg had been charged with participating in a conspiracy to commit wire fraud, mail fraud and money laundering.

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