Man pleads guilty in $10M Montana coal mine fraud scheme

Man pleads guilty in $10M Montana coal mine fraud scheme
A Virginia man has pleaded guilty to fraud after bilking a central Montana coal mine of more than $10 million in a five-year scheme. (Source: Pixabay)

BILLINGS, Mont. - A Virginia man has pleaded guilty to fraud after bilking a central Montana coal mine of more than $10 million in a five-year scheme.

The Billings Gazette reported that James Howard Boothe Jr. acknowledged his part in overbilling Signal Peak Energy for mining repairs and equipment between 2013 and 2018.

Boothe identified former company vice president Larry Wayne Price Jr. as a partner in the conspiracy.

Price pleaded guilty to wire fraud in December 2018 and has not yet been sentenced.

Boothe’s charges stem from a scheme in which he sent fake invoices to the company, which then paid the money to companies that were allegedly controlled by Price.

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