Oklahoma man indicted in well service fraud scheme

OKLAHOMA CITY (AP) — The head of an Oklahoma well servicing company has been indicted for allegedly cheating an energy company out of more than $4.3 million.

The Oklahoman reports that 41-year-old Justin Lane Foust is charged with wire fraud, aggravated identity theft and money laundering. Foust pleaded not guilty Friday in Oklahoma City federal court.

A Chesapeake Energy subsidiary hired Foust’s company, Platinum Express LLC, to haul wastewater from well sites. Foust is accused of allegedly billing the subsidiary for work that was never conducted.

The indictment says Foust’s scheme involved more than 1,100 fraudulent invoices with forged or pasted signatures from the subsidiary.

Read more: http://www.hobbsnews.com/2018/01/22/oklahoma-man-indicted-well-service-fraud-scheme/