Former Patterson-UTI Energy CFO Sentenced to 25 Years Imprisonment for $77 Million Embezzlement

We've followed the ongoing saga of Jonathan D. Nelson, the former CFO of Patterson-UTI Energy who embezzled more than $77 million from the company.

The District Attorney for the Northern District of Texas announced on October 10, 2006 that Nelson was sentenced to a prison term of 25 years after pleading guilty.

Nelson's perpetrated his embezzlement using forged checks, bogus invoices and other schemes.

See the full release here.