April 29, 2013
A Texas federal judge on Friday knocked eight years off the 20-year prison sentence of Provident Royalties LLC co-founder Joseph Blimline, who was convicted of running a pair of oil and gas investment Ponzi schemes that yielded more than $485 million.
July 31, 2012
A Texas federal judge on Monday slapped a $16.9 million restitution order onto the 20-year prison term already handed to a co-founder of the defunct Provident Royalties LLC, who allegedly ran two oil and gas investment schemes that defrauded thousands of victims out of more than $428 million.
May 04, 2012
A Texas federal judge on Thursday sentenced the co-founder of defunct Provident Royalties LLC to a 20-year prison term for his role in a pair of oil and gas investment Ponzi schemes that netted more than $428 million from thousands of victims.