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Oklahoma's biggest energy con man is back behind bars

Coy Everett bilked 650 investors out of about $29 million
by Brianna Bailey Published: July 7, 2013
/articleid/3859684/1/pictures/2152156">Photo - Coy Everett  will be elligible for parole in 2016. <strong> - Oklahoma Department of Correctio</strong>
Coy Everett will be elligible for parole in 2016. - Oklahoma Department of Correctio

In a court affidavit admitting his guilt, Everett said he never put much of his investors' money back into his companies for legitimate business purposes, but instead used the ill-gotten funds to prop up a facade of success.

“So long as I was able to encourage even larger numbers of people to participate in my ventures, I could maintain the image of a successful businessman operating a growing and profitable enterprise,” Everett said in the affidavit. “Every time that I would return a so-called profit to a participant in my programs, I became much deeper in debt.”

Everett pleaded guilty to fraud charges in 1982 and was sentenced to 15 years in federal prison.

Records show that Everett was released from prison on probation in 1989, but quickly ran afoul of the law again. In 1992, he was charged with writing $50,000 in payroll checks to himself from an Oklahoma City staffing company that hired him after his release from prison.

The fraud earned Everett a second stay in prison, at Dick Conner Correctional Center in Hominy, where he worked at the city's wastewater treatment plant on a work release program until his parole in 1999.

Everett had worked for Hominy for 11 years in 2010 when bookkeepers discovered that Everett had forged a number of checks from the town's accounts.

Although Everett had already paid the money back by the time the forged checks were discovered, Hominy turned the case over to the district attorney's office.

“I was very disappointed when we found out — he resigned immediately.” Bayouth said.

These days, Everett is an inmate at Jess Dunn Correctional Center in Taft, serving a 20-year sentence for forgery.

Everett will be eligible for parole again in 2016, when he will be 61.

by Brianna Bailey
Business Writer
Brianna Bailey has lived in Idaho, Germany and Southern California, but Oklahoma is her adopted home. She has a bachelor's degree in Journalism from the University of Oklahoma and has worked at several newspapers in Oklahoma and Southern...
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