OKC oilman faces prison over filing false income tax returns

06/08/2017 - OKC, OK -- A federal grand jury in Oklahoma City has issued an indictment against Francis Michael Bostick for failure to report more than $1.2 million in income over four years.

Bostick owned and operated Bostick Services Corp. out of Crescent. Bostick was also a one-third partner in BDB LLC.

According to the grand jury's indictment, Bostick would often have checks made payable to him personally. Bostick would then allegedly cash those checks instead of depositing them and recording the transaction on his company's books.

The years in question are 2010 through 2014.

Each of Bostick's four criminal counts carries a maximum penalty of three years in prison and a fine of $250,000.