A Durant man has been convicted of defrauding investors out of thousands of dollars through a complex scheme involving two energy companies.
Ronnie Ray Neihart, 68, pleaded guilty to Wire Fraud, a federal crime punishable by up to 20 years in prison and a fine of up to $250,000.
According to court documents, Neihart devised and executed a scheme between June 3, 2010, and August 31, 2017, to sell units of ownership in OG Land & Mineral, LLC, and EX-OG Energy, LLC, to investors, making false statements to them in the process.
The scheme allegedly involved Neihart making false statements to investors in order to sell them units of ownership in the two companies, with the intent to defraud them out of their money.
The investigation into Neihart’s activities was led by the Federal Bureau of Investigation.
A U.S. Magistrate Judge in the United States District Court for the Eastern District of Oklahoma accepted Neihart’s guilty plea and ordered a presentence investigation report to be completed.
Assistant U.S. Attorney Douglas A. Horn represented the government in the case.
Related Federal Cases
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- Christopher Jacob Froehlich, Wire Fraud and Counterfeiting, OK, 2014 · Washington
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- Kevin Konstantinov Sentenced to 72 Months for Wire Fraud, Lynnwood … · Washington
Key Facts
- State: Oklahoma
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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