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- A federal judge froze the assets of the former chief financial officer of Patterson-UTI Energy Inc. after the Securities and Exchange Commission accused him of embezzling more than $69 million from the company over a five-year period, according to the regulator.
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Jody Nelson, sentenced to 25 years in prison, ordered to pay $77 million in restitution as the former CFO of Patterson-UTI Energy, Inc., has been released after 14 years under a 2018 law rewarding good behavior.
Between January 2001 and October 31, 2005, Nelson continued his embezzlements by causing 49 wire transfers to be made from Patterson-UTI accounts at Snyder National Bank in Snyder, Texas, and the Wells Fargo Bank in Houston, Texas, to XIT Land and Energy, Inc., a company owned and controlled by Jonathan D. Nelson.
Dec 14, 2014 · That's what Patterson UTI Energy determined after its investigation into ex-chief financial officer Jonathan "Jody" Nelson. Nelson is the man accused of embezzling nearly $78 million from the Snyder based oil drilling company.
- KCBD
Oct 10, 2006 · A former executive who admitted to embezzling millions of dollars from oil and gas drilling company Patterson-UTI Energy Inc. was sentenced to 25 years in prison Tuesday.
- NBC Universal
Oct 10, 2006 · A former finance executive of an energy company was sentenced to nearly 25 years in prison for embezzling more than $77 million from his employer, according to the Associated Press.
Oct 11, 2006 · LUBBOCK - A former executive who admitted to embezzling millions of dollars from oil and gas drilling company Patterson-UTI Energy Inc. was sentenced to 25 years in prison Tuesday.
Dec 14, 2014 · November 9th, 2005, Jonathan Nelson was accused of stealing money from his employer, Patterson UTI, by creating false invoices and laundering the money to fake business accounts.
