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Feds: Ex-petroleum industry exec stole nearly $1M from Minneapolis employer


A onetime petroleum industry executive is charged with stealing nearly $1 million from his Minneapolis employer.

Gregg W. Johnson, 58, of Apple Valley, was charged in U.S. District Court in St. Paul with wire fraud in connection with a scheme he allegedly perpetuated as chief financial officer of Chemstar Products Co., a 56-year-old manufacturer of products that assist oil drilling.

Johnson was charged by what is called an information, meaning that he intends to plead guilty.

His attorney, Steve Schleicher, said Monday that his client “will fully cooperate with the court throughout these proceedings. Mr. Johnson is grateful for the support of his family and friends during this difficult time.”



Read More: Feds: Ex-petroleum industry exec stole nearly $1M from Minneapolis employer

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