Oilfield Fraud

Oilfield Fraud Click to Enlarge

A Watford City accountant has been convicted of wire fraud in a case linked to a man found guilty of ordering two deaths in an oil patch murder-for-hire plot.

Rene Johnson was accused of diverting investors' funds in her business, RLJ Factoring, without their knowledge for a high-risk loan to an associate of James Henrikson. Investors eventually got their money back, plus interest.

Johnson was convicted of wire fraud Wednesday in federal court in Bismarck but found not guilty of three other charges related to mail fraud and making false statements.

Defense attorney Irvin Nodland declined comment. Assistant U.S. Attorney Gary Delorme said the verdict puts an end to a lengthy investigation. Sentencing wasn't immediately scheduled.


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