A former North Dakota oilfield executive whose false claims about his company’s value resulted in more than $886 million in shareholder losses has been sentenced to three years in federal prison and ordered to pay back $406 million. The government had asked for a 20-year sentence for 61-year-old Joseph Kostelecky before Tuesday’s sentencing hearing in North Dakota. Kostelecky, of Dickinson, was the highest ranking U.S. executive for Poseidon Concepts Corp., a fluid storage tank supplier based in Calgary, Alberta. Investigators say he made misleading claims about the company’s finances in order to inflate its stock price. The company’s stock plunged after the fraud was uncovered and it was forced into bankruptcy in 2013.
AP
Grocery Store Deserts Continue as a Concern
(North Dakota Monitor) - North Dakota and other states are looking for solutions to keep grocery stores in business in rural areas. According to North Dakota State University Extension, North Dakota has 90 grocery stores, down from 137 in 2014. Jodi ...
May 14, 2026
NDHP Identifies Driver Killed in Nelson County Crash
(KNOX) - The North Dakota Highway Patrol has identified a 93 year old man who died in a two vehicle crash in Nelson County on Friday. Authorities say Leonard Aamot failed to yield to an oncoming vehicle and his car was struck in a T-bone type of coll...
May 11, 2026
Crips Gang Member Arrested after Amtrak Trip
(KNOX) - Multiple law enforcement agencies participated in the arrest a wanted man in Minot Sunday night. Minot police received word from the U.S. Marshal's Service that 33 year old Bounchanh Halsana was on an Amtrak train. Halsana had a full extradi...
May 12, 2026
Spring Clean-Up Week On in Grand Forks
(KNOX) - A lot of Grand Forks homeowners spent the weekend cleaning out garages and attics in preparation for Spring Cleanup Week. (May 11-15) Residents can place extra items out on berms and city crews will haul the trash away for free. Grand Forks...
May 11, 2026
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