Mail Fraud Involving Mineral Rights Results In 32 Months In Prison And $1 Million Restitution For Louisiana Man
Oklahoma City, Oklahoma – JORDAN SIMON, 34, of Baton Rouge, Louisiana, was sentenced by United States District Judge Joe Heaton to serve 32 months in prison for mail fraud involving mineral rights, announced Sanford C. Coats, United States Attorney for the Western District of Oklahoma. According to court records, from November of 2011 through March of 2013, Simon induced an Oklahoma woman to sell her mineral rights to Simon’s company, Iconic Resources, promising to pay her for those rights. However, Simon sold the mineral rights to third parties and sent the woman checks which were rejected for insufficient funds and mailed her a bogus mineral deed which purported to convey the interests back to the woman.
Simon was charged by Information on February 25, 2014, and pled guilty on March 13, 2014. As part of his plea agreement, Simon agreed to pay restitution to the Oklahoma woman and to other victims whom he also defrauded of their mineral rights. Judge Heaton sentenced Simon to serve 32 months in prison, followed by three years supervised release, and ordered him to pay $1,054,143.86 in restitution to his victims.
This case is the result of an investigation by the Federal Bureau of Investigation and was prosecuted by Assistant U.S. Attorney Amanda Maxfield Green.