Attorneys Make Closings in Petro America Trial

4 years 3 months 1 week ago Tuesday, May 14 2013 May 14, 2013 Tuesday, May 14, 2013 12:09:09 PM CDT May 14, 2013 in News
By: Associated Press

KANSAS CITY - The founder of a Kansas City company whose leaders told investors it was worth $280 billion blames big government for the problems Petro America is facing.

Isreal Owen Hawkins founded the company and is representing himself in a federal trial alleging he and four others conspired to illegally sell stock in the company and pocketed the money.

Hawkins told jurors Tuesday during closing arguments in federal court in Kansas City that Petro America is still a viable company.

But prosecutors say Petro America stock has as much value as "a pile of used Kleenex."

Hawkins is accused of enlisting the help of ministers, who pitched the company to their congregations. Prosecutors allege that investors were conned out of $7.2 million.

 

More News

Grid
List
COLUMBIA - Gov. Eric Greitens' surprising decision Tuesday to stay the execution of Marcellus Williams put a spotlight on executions... More >>
9 hours ago Tuesday, August 22 2017 Aug 22, 2017 Tuesday, August 22, 2017 7:26:00 PM CDT August 22, 2017 in News
COLUMBIA - In an era in which brick and mortar retail stores are falling by the wayside, Columbia's I-70 Business... More >>
9 hours ago Tuesday, August 22 2017 Aug 22, 2017 Tuesday, August 22, 2017 7:22:00 PM CDT August 22, 2017 in News
JEFFERSON CITY (AP) — Missouri Republican Gov. Eric Greitens is holding a question-and-answer session on Facebook. The governor will... More >>
10 hours ago Tuesday, August 22 2017 Aug 22, 2017 Tuesday, August 22, 2017 7:17:00 PM CDT August 22, 2017 in News
COLUMBIA – The Missouri Poison Center said snake bites are up this year compared to last. From January to June... More >>
10 hours ago Tuesday, August 22 2017 Aug 22, 2017 Tuesday, August 22, 2017 7:10:00 PM CDT August 22, 2017 in News
JEFFERSON CITY - A dozen protestors dropped off a petition with 200,000 signatures to Gov. Eric Greitens' office Tuesday urging... More >>
10 hours ago Tuesday, August 22 2017 Aug 22, 2017 Tuesday, August 22, 2017 7:00:00 PM CDT August 22, 2017 in News
JEFFERSON CITY – Lt. Gov. Mike Parson called on the Missouri Senate to go into a special session with the... More >>
11 hours ago Tuesday, August 22 2017 Aug 22, 2017 Tuesday, August 22, 2017 6:04:00 PM CDT August 22, 2017 in News
COLUMBIA - The District Downtown Columbia had decided to give people the chance to remember the total eclipse forever. Anyone... More >>
12 hours ago Tuesday, August 22 2017 Aug 22, 2017 Tuesday, August 22, 2017 5:02:00 PM CDT August 22, 2017 in News
COLUMBIA – School is back in session for Columbia students, but some school districts across the country are struggling with... More >>
12 hours ago Tuesday, August 22 2017 Aug 22, 2017 Tuesday, August 22, 2017 4:57:00 PM CDT August 22, 2017 in News
COLUMBIA - The Boone County Commission issued abatements for three Boone County properties Tuesday. One property is located on... More >>
13 hours ago Tuesday, August 22 2017 Aug 22, 2017 Tuesday, August 22, 2017 3:55:00 PM CDT August 22, 2017 in News
COLUMBIA - As part of Columbia City Manager Mike Matthes’ proposed budget for the upcoming fiscal year, paratransit rides will... More >>
13 hours ago Tuesday, August 22 2017 Aug 22, 2017 Tuesday, August 22, 2017 3:43:00 PM CDT August 22, 2017 in News
COLUMBIA - U.S. Representative Vicky Hartzler visited the Harry S. Truman Memorial Veterans’ Hospital Tuesday to talk to local veterans.... More >>
14 hours ago Tuesday, August 22 2017 Aug 22, 2017 Tuesday, August 22, 2017 3:13:00 PM CDT August 22, 2017 in News
COLUMBIA - A national organization doesn't want people to trash their special glasses from Monday's eclipse. Astronomers Without Borders... More >>
14 hours ago Tuesday, August 22 2017 Aug 22, 2017 Tuesday, August 22, 2017 2:29:00 PM CDT August 22, 2017 in News
JEFFERSON CITY (AP) — A Missouri lawmaker who temporarily posted a social media remark hoping for President Donald Trump's assassination... More >>
14 hours ago Tuesday, August 22 2017 Aug 22, 2017 Tuesday, August 22, 2017 2:26:00 PM CDT August 22, 2017 in News
KANSAS CITY (AP) — The family of a 15-year-old who was incarcerated for three weeks despite dash cam video proving... More >>
15 hours ago Tuesday, August 22 2017 Aug 22, 2017 Tuesday, August 22, 2017 1:27:00 PM CDT August 22, 2017 in News
COLUMBIA - The Vice President of Human Resources for the UM System, Jill Pollock, has resigned, according to the University... More >>
16 hours ago Tuesday, August 22 2017 Aug 22, 2017 Tuesday, August 22, 2017 12:56:00 PM CDT August 22, 2017 in News
THEODOSIA (AP) — The Latest on a girl whose burned remains were found in rural Missouri (all times local): ... More >>
19 hours ago Tuesday, August 22 2017 Aug 22, 2017 Tuesday, August 22, 2017 10:08:00 AM CDT August 22, 2017 in News
ST. LOUIS (AP) — The Latest on Missouri's planned execution of inmate Marcellus Williams (all times local): 5:45 p.m.... More >>
22 hours ago Tuesday, August 22 2017 Aug 22, 2017 Tuesday, August 22, 2017 6:30:00 AM CDT August 22, 2017 in News
COLUMBIA — Thousands of people traveled to Columbia and the surrounding cities to view a once in a lifetime event,... More >>
1 day ago Tuesday, August 22 2017 Aug 22, 2017 Tuesday, August 22, 2017 2:28:00 AM CDT August 22, 2017 in News
Columbia, MO
Broken Clouds 57°
6am 55°
7am 54°
8am 59°
9am 65°

Select a station to view its upcoming schedule:

Coming Up Next

5:00a
KOMU 8 News Today
6:00a
KOMU 8 News Today
7:00a
Today
5:00a
Paid Program
5:30a
Paid Program
6:00a
King of the Hill

Tonight's Schedule

7:00p
America's Got Talent
8:01p
Marlon
8:30p
Marlon
9:00p
Law & Order: Special Victims Unit
7:00p
Arrow
8:00p
Supernatural
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld