Fort Worth man sentenced in $5.8 million Ponzi scheme

Fort Worth man sentenced in $5.8 million Ponzi scheme Julie Fancher

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From Staff Reports:

A Fort Worth man was sentenced to more than 12 years in federal prison Thursday for running an oil and gas Ponzi scheme, the U.S. attorney’s office said.

Jeffrey Watts, 41, was sentenced to 78 months and ordered to pay $4.6 million in restitution. Watts has been in custody since his arrest in May in Eugene, Ore., where he had fled, said the U.S. attorney’s office in Dallas.

According to documents filed in the case, from fall 2011 to December … [visit site to read more]

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