Melissa Man Gets Over 2 Years For Investment Fraud Scheme

Dallas TX

04 June, 2022

12:32 PM

Description

By Alex Keller, CBS Dallas/Fort Worth June 4, 2022 A Melissa man was sentenced to over two years in federal prison for his involvement in an oil and gas investment fraud scheme. Matthew Wayne Fox, 47, was sentenced to 33 months in prison in the Eastern District of Texas by U.S. District Judge Sean D. Jordan on June 3, 2022. Fox had pleaded guilty to a wire fraud charge on March 9, 2020. He was also ordered to pay $862,150 in restitution. Court documents state that in 2015, Fox formed a company called Wayne Energy that claimed to specialize in the oil and gas exploration fields. Between March 2015 and October 2016, Fox raised about $949,650 from investors on a joint venture to convert an oil well to natural gas in Upshur County. CBS Local Digital Media personalizes the global reach of CBS-owned and operated television and radio stations with a local perspective.