Continental Resources Business Practices

[PhiAlpha]

Going private, won't have to deal with ESG stuff

Exactly

[okatty]

https://www.oklahoman.com/story/busi...mm/65464994007

[TheTravellers]

https://www.oklahoman.com/story/busi...y/69669869007/

[Dob Hooligan]

Saw a story in the Oklahoman on Saturday said the Dyers pled guilty. Looked like continental pretty much won on all their allegations. Hoping someone on here with real knowledge can tell us what is really happening?

[thunderbird]

Saw a story in the Oklahoman on Saturday said the Dyers pled guilty. Looked like continental pretty much won on all their allegations. Hoping someone on here with real knowledge can tell us what is really happening?

What do you want to know about it? He new the evidence was unavoidable and a guilty plea will hopefully get him a better sentence.

[April in the Plaza]

Saw a story in the Oklahoman on Saturday said the Dyers pled guilty. Looked like continental pretty much won on all their allegations. Hoping someone on here with real knowledge can tell us what is really happening?

Would assume he saw the writing on the wall (the evidence was absolutely overwhelming + multiple co-conspirators had already turned fed witness), but a bit weird that it took him this long to do so.

[The Shadow]

Wasn't the trial was scheduled for this month? Did he enter a blind plea?

[sooner88]

Dyer was arrested on federal weapons charges today. Apparently both his home and office were raided simultaneously by FBI agents earlier today.

https://x.com/thelostogle/status/169...PyOqxmBYMXlSNg

[Pete]

In July, Dyer defaulted on a $4.2 million note and another for $2.7 million and is being sued accordingly.

Also tons of huge bills owed to home remodelers, AMEX, and others. He recently had his $127K Escalade repossessed.

This is the home he bought a couple of years ago for $2.2 million:




In addition to the Continental civil suit, Dyer also pleaded guilty to federal charges and is awaiting sentencing. Max sentence is 20 years.

[OKCRealtor]

Wow. I know Jimmy from back in the day. Wonder what happened with his case as well in all this.

[sooner88]

Wow. I know Jimmy from back in the day. Wonder what happened with his case as well in all this.

He took a plea deal on the original indictment, but I don't believe they've been sentenced yet.

[April in the Plaza]

In July, Dyer defaulted on a $4.2 million note and another for $2.7 million and is being sued accordingly.

Also tons of huge bills owed to home remodelers, AMEX, and others. He recently had his $127K Escalade repossessed.

This is the home he bought a couple of years ago for $2.2 million:




In addition to the Continental civil suit, Dyer also pleaded guilty to federal charges and is awaiting sentencing. Max sentence is 20 years.

Looks like the $4.2MM loan was originated in late 2022.

Wild to think that any creditor would have given Blaine Dyer a dime in 2022, let alone $4.2MM.

[Richard at Remax]

Fake it til you make it!

[Pete]

Fake it til you make it!

In my best Stacy Keach voice: "NEXT! On American Greed..."

[PhiAlpha]

In my best Stacy Keach voice: "NEXT! On American Greed..."

And it always seems like the greediest people are the ones that are way too dumb and incapable of pulling any of this stuff off without getting caught. The email Dyer sent detailing the plan and the players then proclaiming they were "smart as sh*t" is an all timer, especially given the fact that a lawyer sent it.

[Pete]

And it always seems like the greediest people are the ones that are way too dumb and incapable of pulling any of this stuff off without getting caught. The email Dyer sent detailing the plan and the players then proclaiming they were "smart as sh*t" is an all timer, especially given the fact that a lawyer sent it.

One of the hallmarks of a fraudster is they think they are smarter than everyone else.

As an FBI friend once told me: "Fraud is like speeding. Think about how many times you speed before you actually get caught." In other words, these guys almost always have been committing fraud in various ways for a very long time, they get greedy and keep escalating things until they it goes on for so long and they are so over the line they draw attention and then it's all over.

[jn1780]

Its usually math catching up to them for these kind of people. When times are great people don't pay attention to the math as much, when things are tougher all of the sudden people start noticing when things don't add up. That's why we have bad recessions. Part of it is only explained by fear.

[Pete]

Its usually math catching up to them for these kind of people. When times are great people don't pay attention to the math as much, when things are tougher all of the sudden people start noticing when things don't add up. That's why we have bad recessions. Part of it is only explained by fear.

It's also the nature of fraud. They keep committing bigger and bigger crimes to cover up the previous ones.

I've become somewhat fascinated by white-collar crime and what you almost always find is all these guys start cheating very young and never really stop, it just keeps getting bigger. And even after jail (or even during it) most of them get right back to it.

Most of these people are trying to fill a bottomless pit of insecurity and the appearance of success is far, far more important than actually accomplishing anything.

[SEMIweather]

It's also the nature of fraud. They keep committing bigger and bigger crimes to cover up the previous ones.

I've become somewhat fascinated by white-collar crime and what you almost always find is all these guys start cheating very young and never really stop, it just keeps getting bigger. And even after jail (or even during it) most of them get right back to it.

Most of these people are trying to fill a bottomless pit of insecurity and the appearance of success is far, far more important than actually accomplishing anything.

You (and anyone else who is interested in white-collar crime) would probably enjoy the Swindled podcast. Maybe the best true-crime podcast out there, IMO (it's the only one in the genre that has held my attention, at least). Fair warning, many of the episodes are absolutely infuriating. But it is undeniably gripping subject manner.

[Pete]

You (and anyone else who is interested in white-collar crime) would probably enjoy the Swindled podcast. Maybe the best true-crime podcast out there, IMO (it's the only one in the genre that has held my attention, at least). Fair warning, many of the episodes are absolutely infuriating. But it is undeniably gripping subject manner.

I'll look into it - thanks.

This is considered the consummate guide to understanding fraudsters: The Confidence Game. Not only explains the psychology of the con man, but why people keep taking the bait.

[PhiAlpha]

I'll look into it - thanks.

This is considered the consummate guide to understanding fraudsters: The Confidence Game. Not only explains the psychology of the con man, but why people keep taking the bait.

Interesting! Might have to check that one out!

[Pete]

Interesting! Might have to check that one out!

The author is a frequent talking head on American Greed and documentaries about various schemes.

She's spent a good part of her life studying all this.

[Rover]

Its usually math catching up to them for these kind of people. When times are great people don't pay attention to the math as much, when things are tougher all of the sudden people start noticing when things don't add up. That's why we have bad recessions. Part of it is only explained by fear.

It isn’t why we have recessions. But recessions can expose the fraudsters more easily.

[Pete]

Here is an inventory of all the guns seized from Blaine Dyer by the FBI - I count 17 (!) plus ammo.

His Conditions of Release forbade him from possessing any firearms. In the affidavit requesting the search warrant, it stated that a tip came in via Crime Stoppers that he and/or his wife had bought a rifle a Cabela's and that Dyer is drinking heavily every day and erratic in his behavior.

There is now a pending motion to Amend Conditions of Release that will be heard by the court later this month.

[sooner88]

Here is an inventory of all the guns seized from Blaine Dyer by the FBI - I count 17 (!) plus ammo.

His Conditions of Release forbade him from possessing any firearms. In the affidavit requesting the search warrant, it stated that a tip came in via Crime Stoppers that he and/or his wife had bought a rifle a Cabela's and that Dyer is drinking heavily every day and erratic in his behavior.

There is now a pending motion to Amend Conditions of Release that will be heard by the court later this month.

It also stated that Blaine attempted to purchase the gun from Cabela's a year prior, but the sale was cancelled as he disclosed his criminal situation. Then, a year later, his wife purchased the same gun from Cabela's. The penalty for a straw purchase is pretty severe (felony, up to 10 years in prison, etc.).