Landmark Tax Group

California Man Sentenced for $9.5M Scam

On May 21, 2012, in Los Angeles, Calif., Mark Roy Anderson was sentenced to 135 months in prison and ordered to pay more than $9.5 million in restitution. Anderson pleaded guilty in July 2011 to one count of wire fraud and one count of money laundering. According to court documents, Anderson solicited investments from victims who were told that their money would be invested in various oil companies and oil-related ventures in Oklahoma and California.  Anderson also promised his victims substantial returns on their investments. Instead of using investors’ money for oil ventures, Anderson used investors’ funds for living expenses and personal items.


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