Call Now For a Free Consultation:
(614) 532-4576
Nationwide Representation

More Guilty Pleas in Provident Royalties, Inc. Investment Fraud Case

As the FBI continues to investigate allegations of an oil and gas investment scam, three more guilty pleas have come in the investment fraud case against Provident Royalties, Inc. According to a press release from the FBI, W. Mark Miller, Brendan W. Coughlin, and Henry D. Harrison have pleaded guilty to their parts in an oil and gas investment scam that took $2.3 million from investors across the United States. All three men were executives with Provident Royalties, and all three men are Texas residents.

According to the allegations, both Coughlin and Harrison lied to investors about the Provident Royalties, Inc. investments and did not disclose important information to investors about how their money would be invested. It is alleged that Coughlin and Harrison used investor cash to pay off prior investors, and Miller has been accused of authorizing the payments to prior investors in order to keep the scam hidden, instead of reporting the crime to authorities.

In addition to Miller, Coughlin, and Harrison, two other men have pleaded guilty to charges related to the scam. Paul R. Melbye, the founder and CEO of Provident Royalties, Inc., has pleaded guilty and is currently facing a potential five-year prison sentence. Joseph Blimline, another Provident Royalties principal, has already been sentenced to 20 years in prison after pleading guilty in the case.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation
Atlanta Office

945 East Paces Ferry Road, Suite 2275
Atlanta, GA 30326
Columbus Office

305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram