Gus Mutscher was indicted by the SEC in late 1971 and tried in Abilene in 1972. He was found guilty of conspiracy for accepting a bribe from Sharp and sentenced to five years' probation. Sharp was also found guilty of violating federal banking and securities laws and was sentenced to three years' probation and a $5,000 fine. As a convicted felon, he was forced to resign his seat. Mutscher appealed the charges, and, after the scandal had calmed down, the charges were overturned. He was then elected to County Judge of Washington County and currently works as a political consultant and lobbyist.