WICHITA FALLS (KFDX / KJTL) – A Denver man is sentenced to 16 months in federal prison for defrauding a Wichita Falls oil and gas company.
Daren Scot Elliot, 55, pleaded guilty to wire fraud in April and was ordered to pay $ 32,000 in restitution and $ 20,000 in fines.
According to the advocacy documents, Elliot admits that he offered to sell a 30,000 gallon propane tank to Gas Corporation of America, an oilfield equipment buyer and seller in Wichita Falls.
He said he owned the tank when in fact it was owned by another company. After Elliott promised to deliver the tank within a week of the purchase, a GCA representative wired $ 32,000 to Elliott’s bank account. But, he never delivered the tank.
The owner of GCA testified at sentencing that the fraud was significant and had a negative impact on his business and reputation.