Virginia Equipment Company Owner Sentenced, Fined $50,000 for Role in Scheme to Defraud Roundup Coal Mine


April 27, 2022

A Virginia equipment company owner who admitted to defrauding Signal Peak Energy, LLC, which operates a coal mine near Roundup, of nearly $250,000 in an equipment purchase scheme was sentenced today to four years of probation, fined $50,000 and ordered to pay restitution, U.S. Attorney Leif M. Johnson said.

Robert Wayne Ramsey, 56, of Bluefield, Virginia, pleaded guilty in November 2021 to wire fraud.

U.S. District Judge Susan P. Watters presided. Judge Watters ordered Ramsey to pay $246,268 restitution.

In court documents filed in the case, the government alleged that in March 2017, Larry J....

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