FILE - In this April 21, 2010 aerial file photo taken in the Gulf of Mexico more than 50 miles southeast of Venice, La., the Deepwater Horizon oil rig is seen burning. A U.S. judge on Tuesday, Jan. 29, 2013, approved an agreement for British oil giant BP PLC to plead guilty to manslaughter and other charges and pay a record $4 billion in criminal penalties for the company's role in the 2010 oil disaster in the Gulf of Mexico. (AP Photo/Gerald Herbert, File)
3 executives plead guilty in fraud scheme
Published: 03:01:10 PM, Thu 14 February 2013 UTC
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.
Tags:
harrison, brendan w. coughlin, henry d. harrison, w. mark miller, law_crime, wednesday, news release, federal government of the united states, texas ap, chief financial officer, case, charges, investors, federal court, dallas, president, plea, executives, plano, united states department of justice, fraud, pleas, federal prison, fraud scheme, coughlin, gas investment fraud, justice department statement, guilty pleas, provident royalties, multimillion-dollar oil, main office, caper
