3 executives plead guilty in fraud scheme
3 Texas executives plead guilty in multi-million dollar oil and gas investment fraud scheme
PLANO, Texas (AP) -- Three more executives have pleaded guilty to charges in a multimillion-dollar oil and gas investment fraud case.
A Justice Department statement Wednesday announced the guilty pleas in federal court in Plano by Brendan W. Coughlin of Dallas, Henry D. Harrison of Dallas and W. Mark Miller of Plano.
Documents show Coughlin and Harrison founded and controlled Provident Royalties, which had its main office in Dallas but is no longer in business. Miller served as chief financial officer and later as president. The news release says Coughlin and Harrison conspired with others to defraud investors of $2.3 million, and Miller knew of the caper, failed to report it and helped conceal it.
Coughlin and Harrison face up to five years in federal prison. Miller faces up to three years.
