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Snake Oil Salesman Man : Like many who are looking for economic opportunity, Ronald Johnson saw the oil-booming Bakken region in North Dakota and Montana as a chance to make money.

Yet unlike oil workers putting in an honest day on the job, Johnson was a con artist who simply separated innocent investors from their money while enriching himself.

The Bakken Formation, a vast, oil-rich territory that runs from North Dakota to eastern Montana and north into Canada, has experienced an influx of workers in recent years who need housing while they work in the oil industry. When Johnson visited Watford City, North Dakota, he noticed oil workers were parking their RVs in indoor RV parks to get out of the cold and take advantage of shared services, like laundry. He decided to pitch investors on the idea of building indoor RV parks for Bakken workers.

His sales pitch offered investors “memberships” that would entitle them to a percentage of rental and other income generated by the parks based on how much they invested. Johnson also sold his scheme as a good deed to help oil workers who needed warm, indoor housing in the harsh North Dakota winters. Read more

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Snake Oil Salesman Man : Like many who are looking for economic opportunity, Ronald Johnson saw the oil-booming Bakken region in North Dakota and Montana as a chance to make money.

Yet unlike oil workers putting in an honest day on the job, Johnson was a con artist who simply separated innocent investors from their money while enriching himself.

The Bakken Formation, a vast, oil-rich territory that runs from North Dakota to eastern Montana and north into Canada, has experienced an influx of workers in recent years who need housing while they work in the oil industry. When Johnson visited Watford City, North Dakota, he noticed oil workers were parking their RVs in indoor RV parks to get out of the cold and take advantage of shared services, like laundry. He decided to pitch investors on the idea of building indoor RV parks for Bakken workers.

His sales pitch offered investors “memberships” that would entitle them to a percentage of rental and other income generated by the parks based on how much they invested. Johnson also sold his scheme as a good deed to help oil workers who needed warm, indoor housing in the harsh North Dakota winters