San Antonio-area man set to be sentenced in oil and gas scheme found dead by Comal sheriff’s deputies
A pump jack operates in a field near Poth, Texas on Monday, Apr. 13, 2020. Small oil producers are struggling and are facing a plan to cut production by 20 percent if approved by the Railroad Commission. The commission is scheduled to vote on the matter on Tuesday.A Bulverde man set to be sentenced Monday morning in San Antonio federal court for orchestrating an oil and gas fraud scheme was found dead by Comal County sheriff’s deputies, a court official said.
“It’s tragedy every way you look at it,” McHugh said. “It’s something that we try and prevent. But I’ve seen this before and I only see it in white-collar crimes, that somebody who has never jaywalked a day in his life gets pulled into something like this — right or wrong — and it’s too much to manage.”San Antonio-area man enters guilty plea in oil and gas scheme that defrauded investors
Paul Russell Montgomery Jr., 47, was found dead Monday. He failed to appear Monday for his sentencing in a criminal case in San Antonio federal court He had pleaded guilty to one count of mail fraud and one count of filing a false tax return.Montgomery duped investors out of more than $3 million. Through associates, he lured investors in one of the schemes with promises of 32 percent returns from wells they would drill and rework in South Texas. They never worked on any wells.
Montgomery’s crimes began in 2013 after he was hired as chief operating officer at Texas Coastal Resources. His job included finding and executing mineral leases at the best price for the company.
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