{Lexington, Kentucky}...Sentencing hearings for Kentucky attorney Bryan Coffman and oil well promoter 57 year old Gary Milby have been delayed until May. Coffman and Milby were convicted by a federal jury in Lexington in May 2011 on multiple charges of mail, wire and securities fraud. Coffman was also convicted of money laundering and money laundering conspiracy. U.S. District Judge Karen Caldwell reset the hearing for Coffman for May 2nd in Lexington. Coffman had been set for sentencing Wednesday. Caldwell rescheduled Milby's sentencing for May 3rd. Milby had been set for sentencing Thursday. Prosecutors alleged Milby raised $33 million from more than 500 investors by selling shares in southern Kentucky wells. Prosecutors say Coffman and Milby spent their investors' money on cars, jewelry, yachts and parties. Milby surfaced in the public eye when he threw his daughter a lavish Sweet 16 birthday party featured on MTV.
