Jul 7
2020

Robert Joseph Mangiafico Jr., from Dallas, Texas, was indicted for theft, securities fraud, securing execution of a document by deception and money laundering.  The charges arise from the alleged fraudulent sale of investments in the Oklahoma Premier Trinity oil and gas well project. 

According to the indictments, Mangiafico told investors Premier Resources, LLC, purchased and owned sixty-one producing oil  and gas wells. The company, however, allegedly had no ownership interest in any of these producing oil and gas wells. 

Mangiafico is a recidivist and allegedly committed these crimes while on parole for a prior white-collar criminal conviction. 

In 2013, Mangiafico was sentenced to serve 40 years in state prison. The sentence was handed down after he pleaded guilty  to theft and money laundering.  Mangiafico stole approximately $655,000 from elderly women in North Texas whom he convinced to liquidate some of their legitimate securities and transfer the funds to him so he could purchase annuities for them. Instead, Mangiafico stole their money.

The Collin County District Attorney’s Office is prosecuting the new cases against Mangiafico.  Matt Wise, Tina Lawrence and Dale Barron, attorneys in the Securities Board enforcement program, are assisting in the prosecution.