Kentucky man pleads guilty to securities fraud, agrees to pay $25,000 in restitution

McPHERSON – (July 13, 2021) – A Kentucky man pleaded guilty to a securities fraud charge and agreed to pay $25,000 in restitution to a McPherson County victim, Kansas Attorney General Derek Schmidt said today.

Bryan Scott Hurt, 52, of Glasgow, Ky., pleaded guilty last week in McPherson County District Court to one count of securities fraud. The plea was accepted by McPherson County District Judge John Klenda. Sentencing was scheduled for September 16 at 3 p.m.

An investigation by the Office of the Kansas Securities Commissioner determined that Hurt’s company solicited a $25,000 investment in an oil and gas lease between December 2014 and January 2015 from a McPherson County resident. Investigators determined that Hurt diverted the investment for personal use and to pay other, unrelated investors.

The case was prosecuted by Assistant Attorney General Stacy Edwards of the Fraud and Abuse Litigation Division of Schmidt’s office.

Derek Nester
Derek Nesterhttp://www.sunflowerstateradio.com
Derek Nester was born and raised in Blue Rapids and graduated from Valley Heights High School in 2000. He attended Cowley College in Arkansas City and Johnson County Community College in Overland Park studying Journalism & Media Communications. In 2002 Derek joined Taylor Communications, Inc. in Salina, Kansas working in digital media for 550 AM KFRM and 100.9 FM KCLY. Following that stop, he joined Dierking Communications, Inc. stations KNDY AM & FM as a board operator and fill-in sports play-by-play announcer. Starting in 2005 Derek joined the Kansas City Chiefs Radio Network as a Studio Coordinator at 101 The Fox in Kansas City, a role he would serve for 15 years culminating in the Super Bowl LIV Championship game broadcast. In 2020 he moved to Audacy, formerly known as Entercom Communications, Inc. and 106.5 The Wolf and 610 Sports Radio, the new flagship stations of the Kansas City Chiefs Radio Network, the largest radio network in the NFL. Through all of this, Derek continues to serve as the Digital Media Director for Sunflower State Radio, the digital and social media operations of Dierking Communications, Inc. and the 6 radio stations it owns and operates across Kansas.

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