July 03, 2013
A Texas federal judge on Wednesday handed down sentences ranging from six to 21 months to four Provident Royalties LLC executives tied to a $485 million Ponzi scheme that bilked thousands of investors in oil and gas projects.
April 11, 2013
A Texas federal judge on Wednesday rejected an effort by three businessmen associated with defunct Provident Royalties LLC to dismiss charges they participated in a $485 million Ponzi scheme that bilked thousands of investors in oil and gas projects.
February 13, 2013
Three businessmen associated with defunct Provident Royalties LLC on Tuesday pled guilty in Texas federal court to charges they participated in a $485 million Ponzi scheme that bilked thousands of investors in oil and gas projects.
December 21, 2012
Three businessmen associated with defunct Provident Royalties LLC on Thursday urged a Texas federal judge to toss an indictment over their roles in an alleged $485 million Ponzi scheme, arguing clients were warned about the risks of investing in oil and gas projects.