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North Dakota Oil Executive Pleads Guilty in Fraud Scheme - Vimarsana News

North Dakota Oil Executive Pleads Guilty in Fraud Scheme

He faces up to 40 years in prison.

Source: mbtmag.com
North Dakota Oil Executive Pleads Guilty in Fraud Scheme - Vimarsana News

North Dakota Oil Executive Pleads Guilty in Fraud Scheme

He faces up to 40 years in prison.

Dickinson man faces 40 years in prison for $886 million securities fraud scheme - Vimarsana News

Dickinson man faces 40 years in prison for $886 million securities fraud scheme

Joseph A. Kostelecky, formerly the executive vice president of U.S. operations at a publicly traded Canadian oil-services company, pleaded guilty Wednesday to perpetrating a scheme to fraudulently inflate the company’s reported revenue that resulted in shareholder losses in excess of $886 million.

North Dakota oil executive pleads guilty in fraud scheme - Vimarsana News

North Dakota oil executive pleads guilty in fraud scheme

BISMARCK, N.D. (AP) -- A former North Dakota oilfield executive pleaded guilty Wednesday to fraud charges for misleading shareholders about his company's

North Dakota oil executive pleads guilty in fraud scheme - Vimarsana News

North Dakota oil executive pleads guilty in fraud scheme

A former North Dakota oilfield executive has pleaded guilty to federal fraud charges for misleading shareholders about his company’s value, in a scheme that eventually forced it to go bankrupt and led to more than $886 million in losses

Source: go.com