Former Tulsa Businessman Recaptured After Escaping From Federal - - Tulsa, OK - News, Weather, Video and Sports - |

Former Tulsa Businessman Recaptured After Escaping From Federal Prison

Posted: Updated:
Jimmy Morrisett mug shot. Jimmy Morrisett mug shot.

Texas authorities have recaptured a former Tulsa-based promoter of fraudulent oil and gas investments who escaped from a federal prison in Bastrop, Texas late Sunday. 

Jimmy Morrisett, 55, was serving a 9-year prison sentence after pleading guilty in federal court in Tulsa in 2013 to engaging in unlawful monetary transactions. 

According to the U.S. Attorney's Office in Tulsa, Morrisett was once chief executive officer of now-defunct Red Earth Resources and Alpine Petroleum. 

When he was sentenced in 2013, the feds said Morrisett was behind an massive investor fraud scheme which victimized 238 investors in Oklahoma and 37 other states and Canada. They said Morrisett promoted a Ponzi scheme in which investors supposedly received returns from oil and gas properties. Many of the investors were elderly and lost their life savings.

Morrisett was discovered missing after apparently walking away from the satellite prison camp in Bastrop, about 30 miles east of Austin.

Sheriff's deputies arrested Morrisett in an abandoned house in Burnet, northwest of Austin early Tuesday.

Special Features

Live Traffic

Get the latest road conditions on Green Country roadways.

iPhone App

Get breaking news, weather, sports & video directly on your iPhone.

CBS Shows

Watch your favorite CBS shows for free online.


Looking for a website or event you heard mentioned on News On 6? Find it here!

TV Schedule

Need to know what's on TV? Check out our television schedule.

Live Radar

WARN Interactive

Special Coverage

  • Bridge Tracker

    How safe are Oklahoma's bridges? Use Bridge Tracker to find out now.

  • Fallen Heroes

    News On 6 honors our fallen Oklahoma heroes. View our interactive timeline.

  • Murrah Bombing Timeline

    Learn more about the events leading up to and following the bombing.

  • Storm Zone

    Watch tornadoes tear across Oklahoma and learn how to stay safe!

Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103 is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2018 KOTV. Oklahoma Traveler™ is a registered trademark of Griffin Communications. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.