MUSKOGEE, OK-A Pottsboro man has been indicted in federal court for wire fraud.
According to the U.S. Attorney's Office, 62-year-old Jimmy Dale Strahan sold shares to potential investors for "Yellowjacket Energy Services, Inc." in March of 2010. He claimed the company was led by an executive management team.
Investigators said Strahan transferred funds from investors at the Shamrock Bank in Caddo, Oklahoma to a Landmark Bank account in Pottsboro. Strahan was arrested after an investigation by the Durant Police Department and the U.S. Secret Service.
If convicted, Strahan could face up to 20 years in prison and a $250,000 fine.