Whitney Pastorek
December 03, 2009 AT 12:00 PM EST

According to the Associated Press, Gary Milby, an oilman who appeared with his daughter on a 2007 episode of MTV’s My Super Sweet 16, was indicted Wednesday by a federal grand jury on charges of money laundering and securities fraud. Among other things, the indictment says Milby used investor money on “lavish personal spending.” Milby’s lawyer declined to comment to the AP.

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