Former Oklahoma City oil and gas broker Robert Samuel Kerr IV avoided prison this week when he was sentenced in U.S. District Court for conspiring with two others to commit wire fraud.
Kerr, 38 was sentenced to four years probation and ordered to pay $30,000 restitution after he pleaded guilty in November 2017 to one count of conspiracy to commit wire fraud.
Kerr and former Sand Ridge Energy land manager Joel Matthew Eilerts and broker Brian Steven Eischeid had allegedly divided thousands of dollars in proceeds from bad oil and gas leases. The three had been charged with keeping bonuses paid by SandRidge Energy on leases with bad titles and keeping the proceeds instead of returning the bonuses.
The 40-year old Eilerts was sentenced in June to 21 months in prison. He was also ordered to pay $493,707 in restitution to SandRidge Energy. Eischeid pleaded guilty to a count of concealment and will be sentenced later this month.