Energy company owner in Texas gets prison for Ponzi scam

AUSTIN, Texas — The owner of a Texas oil and gas exploration company must serve more than 13 years in federal prison and repay $3.7 million to investors who were scammed. Prosecutors in Austin say William Risinger owned RHM Exploration and operated the company as a Ponzi scam. The 44-year-old Risinger in January pleaded guilty […]