Ex-Pres Of Energy Co. Gets 3.5 Years For $2.3M Lease Scam

Law360, Houston (December 17, 2018, 7:54 PM EST) -- A Texas federal judge on Monday denied a bid from the former president of an oil and gas company to withdraw his guilty plea to fraud charges, rejected his argument that no investors were actually defrauded in a lease scam and sentenced him to 42 months in prison.

John N. Ehrman, the former president of Woodland Oil & Gas Inc., was sentenced for allegedly telling investors he owned oil and gas leases on a ranch in Victoria, Texas, that he would sell ownership interests in when he actually had no ownership interest in the properties. He was also ordered by U.S....

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