Two Schlumberger workers indicted for $3 million fraud

Reuters News
Posted: Jul 19, 2011 6:03 PM
Two Schlumberger workers indicted for $3 million fraud

SAN FRANCISCO (Reuters) - Two MI-SWACO staff have been indicted for defrauding their employer, the oilfield drilling fluids unit of Schlumberger Ltd, of more than $3 million.

A Houston grand jury last week returned a 10-count indictment of Jeremy Gene Dobbins, 35, and Bobby Dean Roberts, 51, U.S. Attorney Jose Angel Moreno said in a statement on Tuesday.

The indictment accuses Dobbins and Roberts of conspiring to commit wire fraud between February 2008 and June 2010, committing wire fraud and money laundering.

Dobbins, a facilities manager, and Roberts, a building operations supervisor, allegedly formed four vendor entities to submit false invoices to MI-SWACO that they then approved for more than $3.5 million in payments, the indictment said.

The men were taken into custody this week and were released on bond pending trial. Conspiracy to commit wire fraud carries a maximum penalty of five years in prison and a fine of up to $250,000, while the other counts each carry a maximum penalty of 20 years imprisonment and up to a $500,000 fine.

(Reporting by Braden Reddall; Editing by Gary Hill)