Former Minneapolis oil executive charged in theft scheme

Former Minneapolis oil executive charged in theft scheme
Authorities say a former oil industry executive accused of stealing more than $900,000 from his Minneapolis employer has been charged in federal court. (Source: Raycom Media)

MINNEAPOLIS (AP) — Authorities say a former oil industry executive accused of stealing more than $900,000 from his Minneapolis employer has been charged in federal court.

Gregg William Johnson, 58, of Apple Valley, was charged Friday with wire fraud in connection with a scheme he allegedly perpetuated as chief financial officer of Chemstar Products Co., a manufacturer of products that assist oil drilling.

Investigators said Johnson forged the company’s president signature and issued checks to himself beginning in 2014, when he was hired, and lasting until July 2020. He tried to cover up the crime by falsifying invoices for company expenses, the complaint said.

Messages left with Johnson and his attorney Monday were not immediately returned, the Star Tribune reported.

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