Tag: Provident Royalties
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Ponzi Pitchman Pleads Guilty To Alleged Role In Massive Oil-And-Gas Swindle; ‘We Will Be Relentless In Our Pursuit’ Of Scammers, Top Federal Prosecutor Says
A Dallas man accused of fleecing investors in oil-and-gas schemes that gathered $535 million in Texas and Michigan has pleaded guilty to his role in the alleged schemes. “Investment fraud is, at its core, a betrayal of trust by one person to another,” said U.S. Attorney John M. Bales of the Eastern District of Texas. …