Local & Regional
1:14 pm
Sun May 29, 2011

Convictions Upheld

Tulsa, OK – Convictions upheld for scammers in historic bonds

(Information in the following story is from: Tulsa World, http://www.tulsaworld.com)

TULSA, Okla. (AP) Two men convicted in Tulsa of using 19th-century railroad bonds and 100-year-old Chinese bonds to scam investors have lost their federal appeal.

The Tulsa World reports that the 10th U.S. Circuit Court of Appeals on Friday upheld convictions of Joseph L. Thornburgh of Mounds and Steven Fishman of Corona, California.

In 2009, Thornburgh was sentenced to 24 years and four months in prison, and Fishman was sentenced to 21 years and 10 months. Both men are in their early 60s.

The men were accused of engaging in an international scheme that defrauded investors of nearly $3.7 million.

Copyright 2011 The Associated Press.