Made False Statements To Investors In OG Land & Mineral, LLC, and EX-OG Energy, LLC
MUSKOGEE, OKLAHOMA – The United States Attorney’s Office for the Eastern District of Oklahoma announced that Ronnie Ray Neihart, age 68, of Durant, Oklahoma, pled guilty to Wire Fraud, in violation of Title 18, United States Code, Section 1343, punishable by not more than 20 years imprisonment, a fine up to $250,000.00 or both.
The Indictment alleged that beginning on or about June 3, 2010, and continuing through on or about August 31, 2017, within the Eastern District of Oklahoma and elsewhere, the defendant, knowingly and with the intent to defraud, devised and executed a scheme by making false statements to investors in order to sell them units of ownership in OG Land & Mineral, LLC, and EX-OG Energy, LLC.
The charges arose from an investigation by the Federal Bureau of Investigation.
The Honorable Kimberly E. West, U.S. Magistrate Judge in the United States District Court for the Eastern District of Oklahoma, in Muskogee, accepted the plea and ordered the completion of a presentence investigation report.
First Assistant United States Attorney Douglas A. Horn represented the United States.