Falcon Drilling COO Pleads to Embezzling $9.2M from Company

A story that began more than a year ago is still playing out. In December 2012, two employees of Falcon Drilling Company, a Marcellus Shale drilling contractor with 13 rigs headquartered in Indiana, PA, were charged with embezzling money from the company (see 2 Employees Charged with Embezzling $6M from Falcon Drilling). One of those employees, the Chief Operating Officer no less, worked out a plea bargain with federal prosecutors just last week.

Here’s what’s known (and what isn’t) about the plea deal:

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