Attorney Ordered To Forfeit Millions

{Lexington, Kentucky}...Tuesday, U.S. District Judge Karen Caldwell in Lexington ordered Kentucky attorney Bryan Coffman to forfeit $3.1 million in cash as well as a yacht and a condo in South Carolina that were proceeds from an oil drilling scam involving clients of his business, American Oil & Gas Resources. Caldwell found that money tucked away in bank and investment accounts held by Coffman, his wife Megan, or various business entities facilitated the money laundering part of the oil drilling scheme and should be forfeited. A federal jury convicted Coffman and 59 year old Gary Milby in May 2011 on multiple charges of mail, wire and securities fraud. Coffman, who was also convicted of money laundering and money laundering conspiracy, is scheduled for sentencing on May 2nd, while Milby is set for sentencing on May 3rd. The jury acquitted Megan Coffman of money laundering charges. Bryan Coffman was found not guilty of two money laundering counts. Prosecutors dismissed charges against co-conspirator Vadim Tsatskin after he was sentenced to three years in prison in Canada.