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Colleyville man sentenced to seven years in prison for mail fraud
COLLEYVILLE -- A Colleyville businessman was sentenced Tuesday to seven years in prison after pleading guilty to one count of mail fraud in February.
Federal officials said the man bilked investors of more than $2.6 million.
James E. VanBlaricum, 78, who operated Signal Oil and Gas Co. and Texas Energy Management, which later became Texas Energy Mutual, was also ordered to pay more than $32 million in restitution for participating in a oil and gas fraud Ponzi scheme.
VanBlaricum, who has been in custody since his arrest in August, faced up to 20 years in prison and a $250,000 fine.
Read more here: http://www.star-telegram.com/news/local/community/northeast-tarrant/article171439732.html
