Press release
MUSKOGEE, OKLAHOMA – The United States Attorney’s Office for the Eastern District of Oklahoma announced that Ronnie Ray Neihart, age 68, of Durant, Oklahoma, was sentenced to 28 months’ imprisonment and 3 years’ supervised release for Wire Fraud.
The charges arose from an investigation by the Federal Bureau of Investigation.
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.
United States Attorney Brian J. Kuester said, “For many years Neihart profited by defrauding unsuspecting and innocent people who believed they were investing their hard-earned money in legitimate businesses. He did not concern himself with the economic hardships and heartache that his schemes inflicted on his victims. Fortunately, Neihart’s fraudulent conduct has been ended and no more victims will fall prey to him.”
The Honorable Ronald A. White, U.S. District Judge in the United States District Court for the Eastern District of Oklahoma, in Muskogee, presided over the hearing. First Assistant United States Attorney Douglas Horn represented the United States.