Pa. Man Indicted In Oil Investment Scam

Law360, Philadelphia (August 31, 2012, 2:43 PM EDT) -- RJH & Co. Inc. CEO Richard Harley was indicted by a federal grand jury in Pennsylvania on Thursday for allegedly attempting to defraud investors by soliciting money based on claims that he owned $1 billion worth of oil and controlled more than $700 billion in Federal Reserve instruments.

The 23-count indictment says that, starting in 1999, Harley orchestrated a scheme to woo investors ostensibly to help fund oil extraction efforts he claimed to control in Texas, promising a tenfold return on investment. According to the indictment,...
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