The Region - News from Oct. 21, 1985

An Orange County man was sentenced to two years in state prison for his part in an investment scheme to sell pyrolic distillation machines designed to condense used tires into such saleable items as oil, carbon, methane, ammonia and steel wire. Craig Floyd (Tony) Velasco, 50, had pleaded guilty in Los Angeles Superior Court to three counts of security fraud. Although such conversion machines exist, authorities said, Velasco made inflated claims that a $100,000 investment would result in annual profits of $1 million and that the machines could be delivered within six weeks.