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Feds Charge Former CFO Accused of Embezzlement

Jonathan Nelson, the former finance chief of Patterson-UTI Energy Inc., now faces criminal charges.

> > Jonathan Nelson, the former chief financial officer of oil driller Patterson-UTI Energy Inc., was charged by federal prosecutors with violating U.S. securities laws by signing off on financial reports that he knew were false, according to Bloomberg. The false financial reports, say prosecutors, were part of an alleged $69 million embezzlement scheme.
Source: CFO


Published:2005-11-22
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