Nelson's Wife, Attorneys Await Ruling On $4.2 Million - KCBD NewsChannel 11 Lubbock

1/23/06

Nelson's Wife, Attorneys Await Ruling On $4.2 Million

Should Jonathan Nelson's wife return the $4.2 million he transferred into her account just days before his assets were frozen? That question remains unanswered.

Hilary Nelson's attorneys appeared in Lubbock Federal Court on her behalf Monday. Her husband, Jonathan Nelson is accused of embezzling $78 million from a Snyder-based oil drilling company. The Securities and Exchange Commission argues the $4.2 million was fraudulent. Hilary's attorneys say the money is community property and are asking the court to wait until the divorce proceedings are final to take control of the money.

NewsChannel 11 is still waiting to hear a judge's ruling on whether Nelson's attorneys must turn over $500,000 in fees. The judge is expected to make a decision sometime after February 9th.

Jonathan "Jody" Nelson Auction Items
Jonathan "Jody" Nelson, the man accused of embezzling $78-million from a Snyder-based oil drilling company is about to say good-bye to all of his assets. Click here to see a complete list of Nelson's assets that will be on the auction block.

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