PIKEVILLE, Ky. — A group of local investors based in Pikeville have officially launched Blue Gem Capital, a new angel investment fund dedicated to supporting companies originating in the Central Appalachian region and businesses conducting substantial operations within the region. Blue Gem Capital will make equity and equity-like investments in early-stage to mid-sized Main Street and high-growth small businesses. The Fund is designed to cultivate a diverse portfolio of investment opportunities across various industries and stages of growth, with a strong emphasis on regional economic development. The Fund is currently capitalized at $1.1 million, raised from 14 private investors along […]

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ABINGDON, Va. — Two people pleaded guilty in federal court this week to conspiring to distribute meth in Wise County. Randall Neil Peaks, 53, entered a guilty plea on Wednesday and Elizabeth Ann Sexton, 36, pleaded guilty on Friday. Both had been charged with conspiracy to distribute more than 500 grams of meth. Peaks pleaded guilty to that charge, while Sexton pleaded guilty to a lesser charge involving more than 50 grams. Peaks now faces a potential life sentence, while Sexton faces up to 40 years. Both are being held in the Southwest Virginia Regional Jail at Abingdon. Sentencing dates […]

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FRANKFORT, Ky. — A Floyd County man who was indicted on armed drug trafficking charges earlier this year will remain behind bars while he awaits a resolution to his case. David Lee Ousley, 44, of Martin, was arrested Jan. 15, after Kentucky State Police raided his home and seized nearly three-quarters of a pound of meth, 7 lbs. of marijuana, an assortment of pills, more than $6,700 in cash and more than 30 guns. A week later, his case was bumped up to federal court, when he was indicted for conspiracy to distribute more than 500 grams of meth, possession […]

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