Petro America - Kansas Corporation

[Pryme]

So, as I said before, if Petro the company has the assets, it would not change the charges against Owen. Or perhaps it would change Count 1 and 2.

Owen problems only meet the definition of a crime because the feds couldn't find any company to substantiate the activity.

Withdrawing several thousand dollars a day in short time frames, in and of itself is not a crime. But if you're claiming to do it for a business with funds from investors whom you've told there is a multi-billion dollar company that needs you to do this, then you should be able to produce proof that this company exists in the form you've claimed. Since Owen didn't/couldn't do this, it looks like he was trying to take money out of the bank without the feds knowing about it. This is a major crime as many illegal operations do this.

Actually if Owen had produced assets, he wouldn't have been charged at all. They only arrested him at first, and when in interviews he couldn't back up his claims about Petro, then he was charged.