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Louisiana man sentenced in mineral rights scheme

A Louisiana man was sentenced to 32 months in federal prison for defrauding an Oklahoma woman in a mineral rights scheme.
FROM STAFF REPORTS Published: August 30, 2014
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A Louisiana man has been sentenced to nearly three years in prison for defrauding an Oklahoma woman out of her mineral rights.

Jordan Simon, 34, convinced the woman to sell her mineral rights to his company, Iconic Resources, but failed to pay her for them, according to federal prosecutors in Oklahoma City.

Simon sold the woman’s mineral rights to third parties. He sent her checks that were rejected for insufficient funds before mailing her a bogus deed that purportedly conveyed the mineral rights back to her, prosecutors said.

Simon pleaded guilty in February to mail fraud, a crime punishable by up to 20 years in prison.

Federal sentencing guidelines recommended a prison term ranging from 36 to 47 months, but Simon’s attorneys successfully argued he deserved a lesser punishment, noting he had cooperated with authorities.

Simon also has struggled with anxiety, depression and an addiction to prescription painkillers, according to court documents.

U.S. District Judge Joe Heaton sentenced Simon to 32 months in prison.

He also ordered him to pay more than $1 million in restitution to the woman he defrauded and other victims in his mineral rights scheme.

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