Colorado Pair Accused Of $800,000 Gain On Illegal Water Sale

Two Colorado men face charges of illegally pocketing about $800,000 by purchasing water that was restricted to agricultural use but selling it for oilfield use at higher prices.

The Boulder Daily Camera reported Wednesday 65-year-old Norman William Armstead and his nephew, 44-year-old Donald Benjamin Armstead, were arrested on suspicion of theft, conspiracy and forgery. Both are from Johnstown, about 45 miles north of Denver.