Texas U.S. Attorney: Fort Worth Oil & Gas Man Sentenced to 17+ Years for Wire Fraud, Ordered to Pay $16M Restitution
June 24, 2023
June 24, 2023
DALLAS, Texas, June 24 -- The U.S. Attorney for the Northern District of Texas, Leigha Simonton, issued the following news release on June 22, 2023:
An oil and gas fraudster was sentenced to more than 17 years in federal prison for running a multi-million dollar Ponzi-type scheme, announced U.S. Attorney for the Northern District of Texas Leigha Simonton.
Billy Marcum, Jr., 67, of Fort Worth, Texas, pleaded guilty in December 2022 to wire fraud. On Thursday, he was sent . . .
An oil and gas fraudster was sentenced to more than 17 years in federal prison for running a multi-million dollar Ponzi-type scheme, announced U.S. Attorney for the Northern District of Texas Leigha Simonton.
Billy Marcum, Jr., 67, of Fort Worth, Texas, pleaded guilty in December 2022 to wire fraud. On Thursday, he was sent . . .