Sapulpa-based Paragon Industries CEO arrested on federal charges

CEO of Paragon Industries arrested in Sapulpa on federal wire fraud charge

The CEO of Paragon Industries was arrested in Sapulpa on a federal wire fraud charge on Tuesday morning, according to the FBI.

Sapulpa-based Paragon Industries CEO arrested on federal charges

Derek Wachob, CEO of Paragon Industries in Sapulpa, was arrested for federal wire fraud charges.2 News confirmed the arrest through the U.S. Attorney's Office in the Southern District of New York.The indictment alleges that Wachob defrauded investors, businesses and even close personal friends of over $66 million from 2022-24.WATCH: Sapulpa-based Paragon Industries CEO arrested on federal charges Sapulpa-based Paragon Industries CEO arrested on …