Between January 2001 and October 31, 2005, Nelson continued his embezzlements by inflicting 49 wire transfers to be made out of Patterson-UTI accounts at Snyder Nationwide Bank in Snyder, Texas, and the Wells Fargo Bank in Houston, Texas, to XIT Land and Vitality, Inc., an organization owned and managed by Jonathan D. Nelson. Nelson submitted bogus invoices to Patterson-UTI on behalf of XIT, purportedly for items and companies bought by XIT to Patterson-UTI, when there have been no such items or companies bought or bought. XIT was not a reliable vendor of Patterson-UTI and Nelson prompted the funds of bogus invoices to XIT with out the authority of Patterson-UTI. To effectuate the scheme, Nelson cast signatures and initials on inner firm paperwork purportedly approving the invoices for fee, circumventing firm coverage and irritating the corporate’s inner controls. By utilizing this wire switch technique, Nelson embezzled a complete of $69,434,342.00 from Patterson-UTI. Included in these wire transfers had been 26 wire transfers and deposits, every higher than $10,000.00, of monies embezzled from Patterson-UTI and wire-transferred from the Wells Fargo Bank in Houston, Texas, and deposited into the bank account of XIT Land and Vitality, Inc. at Bank of America in Lubbock. After the fraudulently obtained funds had been deposited into the XIT account at Bank of America in Lubbock, Nelson then transferred the embezzled funds from the XIT bank account into different entities he managed and used the funds for his personal private profit.