Another Bogus Fracking Sand Scam Lands Executive in Federal Prison

The oil boom in the Eagle Ford led to some dirty players, and now the head of a second fracking sand company is going to prison for ripping off investors, News Radio 1200 WOAI reports.

Sonny Peralez, 53, who was owner of Bohannon Oil Services, was sentenced to more than six years in prison for bilking investors eager to make a buck in the oil patch, out of more than $3.5 million.

You'll recall it was a bogus fracking sand company that landed former State Sen. Carlos Uresti and several other executives of Four Winds Logistics in the federal slammer.

Prosecutors say Peralez' scam worked much the same way, by telling investors that he had stacks of contracts with oil companies to supply fracking sand, and he needed them to pony up to buy trucks to all the imaginary sand. At one point, Peralez even forged the signature of an investor to further his scheme.

Peralez pleaded guilty to wire frand and aggravated identity theft.

He was also ordered to repay $3.599 million to the investors he ripped off.

Unlike Uresti, who was given until Tuesday to report to federal prison, Peralez was taken into custody immediately.

IMAGE: GETTY

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