Derek Wachob net worth 2026 has become a widely discussed topic. The Oklahoma businessman now faces serious federal criminal charges. His financial journey took an unexpected and dramatic turn recently. Understanding his story requires examining both success and current legal troubles.
The former Paragon Industries CEO built a reputation in manufacturing. His company operated within the competitive oil and gas sector. Derek Wachob created wealth through decades of industrial business operations. His name was once associated with pipeline products and energy equipment.
Recent legal developments have completely transformed his public image and reputation. Federal authorities charged him with orchestrating a massive fraud scheme. The allegations involve misusing millions of dollars from various investors. His case highlights significant risks within privately held industrial companies.
Who Is Derek Wachob?
Derek Wachob is an Oklahoma-based entrepreneur born in 1972. He became chief executive of Paragon Industries after a family succession. The manufacturing firm specialized in producing steel pipes for clients. Derek took over leadership after working within the business extensively.
He built his professional career in Oklahoma’s industrial manufacturing sector. Paragon Industries supplied major oil and gas exploration companies nationwide. Derek Wachob’s identity centered on continuing his family’s business legacy. His reputation in Sapulpa and Tulsa business circles was significant.
In November 2025, federal prosecutors charged Derek Wachob with fraud. They allege he stole at least $66 million from investors. The charges claim he used these funds to cover losses. His legal situation has dramatically altered his financial standing.
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Derek Wachob Profile Summary
| Profile Item | Details |
| Full Name | Derek Wachob |
| Birth Year | 1972 |
| Current Age | 53-54 years (as of 2026) |
| Nationality | American |
| Birthplace | Oklahoma, United States |
| Current Residence | Sapulpa, Oklahoma / Florida |
| Education | Business-related studies (institution not publicly confirmed) |
| Profession | Former CEO and Business Owner |
| Company | Paragon Industries, Inc. |
| Industry | Oil & Gas Equipment Manufacturing, Steel Production |
| Years Active | 1990s – 2025 |
| Father | Jack Wachob (Founder of Paragon Industries) |
| Marital Status | Married |
| Wife | Name not publicly disclosed |
| Children | Has children (specific details remain private) |
| Height | Approximately 5’10” – 6’0″ |
| Weight | Approximately 180-200 lbs |
| Derek Wachob Net Worth 2026 | Unknown (previously estimated $10M-$75M before charges) |
| Legal Status | Charged with wire fraud (November 2025) |
| Criminal Charges | One count of wire fraud |
| Alleged Fraud Amount | At least $66 million |
| Fraud Period | Approximately 2021-2025 |
| Maximum Sentence | 20 years in federal prison |
| Legal Plea | Not guilty |
| Defense Attorney | Jeffrey Lichtman |
| Current Status | Awaiting trial (as of 2026) |
| Company Status | Paragon Industries operational status is uncertain following charges |
| Previous Valuation | Company estimated at $1.24 billion (unverified estimate) |
| Known Assets | Real estate in Oklahoma and Florida, and luxury vehicles |
| Asset Seizures | Private jet reportedly repossessed earlier |
| Business Focus | Pipeline products, oilfield tubular goods manufacturing |
| Notable Clients | Fortune 500 energy companies (alleged relationships) |
Derek Wachob Career Journey and Rise to Success
Derek Wachob began his professional journey within his father’s company. Jack Wachob founded Paragon Industries more than four decades ago. Derek learned the industrial manufacturing business from the ground up. He gradually assumed greater responsibilities as he gained valuable experience.
- Started working in entry-level positions at Paragon during the nineties
- Learned steel pipe manufacturing and oilfield equipment production processes
- Took on management responsibilities overseeing production and client relationships
- Became CEO and primary owner after his father’s retirement
- Expanded company operations to serve major oil and gas clients
Derek Wachob positioned himself as a second-generation industrial business leader. He maintained Paragon’s reputation for producing durable oilfield tubular goods. The company supplied pipeline products to energy companies across America. His career seemed to represent a successful family business succession story.
Inside Paragon Industries: The Core of His Wealth
Paragon Industries Inc. operates from Sapulpa, Oklahoma, near the Tulsa area. The company manufactures steel pipes and tubular products for clients. Paragon specialized in oilfield tubular goods critical to drilling operations. The firm claimed over 40 years of operation in manufacturing.
- Headquartered in Sapulpa, Oklahoma, in the greater Tulsa region
- Specialized in manufacturing OCTG (Oil Country Tubular Goods)
- Produced steel pipes and tubing for drilling and pipeline applications
- Claimed relationships with major energy sector clients nationwide
- Company valuation previously estimated at $1.24 billion (unverified figure)
Derek Wachob’s wealth was directly tied to his ownership stake. The company reportedly served Fortune 500 energy corporations as clients. Paragon’s business model focused on producing specialized industrial manufacturing products. The firm’s market position depended on relationships within the oil sector.
Derek Wachob Net Worth
Derek Wachob net worth in 2026 cannot be accurately determined. Previous online estimates ranged from $10 million to $75 million. These figures were based on assumed company valuations and stakes. The November 2025 fraud charges completely changed his financial picture.
Federal prosecutors allege Derek Wachob misused at least $66 million. The funds reportedly came from investors and financial institutions nationwide. Charges suggest he used money to cover Paragon Industries losses. His actual net worth likely differs dramatically from earlier estimates.
Derek Wachob Net Worth 2026: Current Financial Reality
| Category | Previous Estimates | Current Status (2026) |
| Estimated Net Worth | $10M – $75M | Unknown/Negative |
| Company Equity Value | $8M – $150M | Uncertain |
| Annual Income | $500K – $8M | None/Seized |
| Real Estate Holdings | $1M – $3M | Potentially seized |
| Luxury Assets | $1M – $2M | Jet repossessed |
| Legal Liabilities | N/A | $66M+ alleged fraud |
| Investor Claims | N/A | Substantial |
| Criminal Penalties | N/A | Possible restitution |
Derek Wachob Income Details
Derek Wachob’s income previously came from multiple business sources regularly. As Paragon Industries CEO, he drew an executive salary and bonuses. Company dividends provided additional cash flow from his ownership stake. Real estate investments in Oklahoma and Florida generated rental income.
His reported annual income ranged from $500,000 to $8 million. These figures included salary, dividends, investment returns, and property income. The fraud allegations suggest much of this income came illegally. His actual legitimate earnings remain unclear pending legal proceedings.
Derek Wachob Previous Income Sources (Before 2025 Charges)
| Income Source | Estimated Annual Amount | Current Status (2026) |
| CEO Salary & Bonuses | $500K – $3M | Frozen/Seized/None |
| Company Dividends | $1M – $2M | Frozen/Seized/None |
| Real Estate Income | $200K – $800K | Frozen/Seized/None |
| Investment Returns | $300K – $1.2M | Frozen/Seized/None |
| Other Business Ventures | $100K – $500K | Frozen/Seized/None |
| Total Estimated | $2.1M – $7.5M | Frozen/Seized/None |
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The Paragon Industries Inc. Net Worth
Paragon Industries Inc. valuation was previously estimated at $1.24 billion. This figure appeared in various online sources without proper verification. The company operated as a completely privately held manufacturing firm. Actual financial statements were not publicly available for independent analysis.
The fraud charges suggest Paragon Industries faced significant financial difficulties. Prosecutors allege Derek Wachob used investor funds to cover losses. This indicates the company was not generating sufficient revenue consistently. The firm’s true value is likely far below previous estimates.
Paragon Industries Financial Overview
| Metric | Previous Claims | Current Reality (2026) |
| Company Valuation | $1.24 billion | Unknown/Overstated |
| Annual Revenue | $50M+ claimed | Actual figures unclear |
| Profit Margins | “Healthy” claimed | Operating losses alleged |
| Years in Operation | 40+ years | Operational status uncertain |
| Major Clients | Fortune 500 companies | Client relationships unknown |
| Employee Count | Hundreds claimed | Current workforce unclear |
| Derek’s Ownership | 35-40% estimated | Subject to legal claims |
| Debt Load | Not disclosed | Substantial based on charges |
How Derek Wachob Built His Fortune
Derek Wachob reportedly built wealth through growing Paragon Industries operations. He inherited partial ownership of his father’s established manufacturing business. His strategy focused on expanding product lines and client relationships. The company served the energy sector during periods of growth.
- Inherited ownership stake in an established family manufacturing business
- Expanded Paragon Industries’ product offerings and market reach significantly
- Developed relationships with major energy sector clients across America
- Allegedly misrepresented the company financial health to secure funding illegally
- Used investor funds to cover operating losses and personal expenses
Derek Wachob’s wealth accumulation story has two competing narratives now. The official business version portrayed steady growth and smart management. The criminal charges reveal alleged fraud and misuse of funds. His actual fortune-building methods await full disclosure through legal proceedings.
Company Valuation and Market Position
Paragon Industries held a position within Oklahoma’s industrial manufacturing sector. The company claimed to supply major oil and gas corporations. Its market position depended on producing specialized oilfield tubular goods. Paragon competed with other regional and national steel pipe manufacturers.
- Operated in the competitive steel pipe and tubular goods manufacturing industry
- Claimed long-term contracts with energy sector clients nationwide
- Positioned as a regional supplier to the oil and gas industry
- Market share and actual competitive position remain unclear currently
- Valuation is likely overstated based on fraud allegations significantly
Paragon Industries’ true market position is now subject to investigation. The company’s ability to secure financing suggests some operational credibility. However, Derek Wachob allegedly misled lenders about the firm’s health. The actual valuation and market standing will emerge through proceedings.
Derek Wachob Early Life and Family
Derek Wachob was born in Oklahoma in 1972 to father. His father founded Paragon Industries decades before Derek’s birth. He grew up immersed in the industrial manufacturing business environment. His childhood included exposure to steel production and energy operations.
Derek Wachob Wife
Derek Wachob is married though his wife’s identity remains private. The couple has maintained minimal public presence throughout his career. His wife’s name and background have not been disclosed publicly. They reportedly have children together but keep family details confidential.
The Wachob family prioritized privacy regarding personal relationships and home life. His wife was not involved in public-facing business operations daily. She maintained a separate identity from Derek’s professional activities completely. The marriage appears to have lasted through multiple decades successfully.
Derek Wachob Florida
Derek Wachob maintained connections to Florida beyond his Oklahoma headquarters. He reportedly owned real estate property in Florida’s coastal areas. The state offered tax advantages for wealthy business owners significantly. Florida’s business-friendly environment attracted many Oklahoma energy sector executives.
His Florida presence included residential property used for personal purposes. The state provided recreational opportunities and a warmer climate than Oklahoma. Derek Wachob split time between Oklahoma business operations and Florida. Many successful Oklahomans maintain second homes in Florida’s premium locations.
Derek Wachob Educational Background
Derek Wachob’s formal education focused on business or engineering studies. He likely attended college in Oklahoma or nearby states. His academic background prepared him for manufacturing industry leadership roles. Specific universities and degrees have not been publicly confirmed.
Business education provided foundational knowledge for managing Paragon Industries operations. He studied financial management, operations, and strategic planning concepts. Engineering coursework may have covered manufacturing processes and materials science. His education complemented hands-on learning within the family business.
Derek Wachob supplemented formal education with practical business experience early. He worked at Paragon Industries while pursuing or after his studies. The combination of academic training and real-world application shaped him. His father’s mentorship likely exceeded any classroom instruction value.
Derek Wachob Professional Life
Derek Wachob’s professional career centered entirely on Paragon Industries operations. He started in entry-level manufacturing and operations positions initially. His progression through the company followed typical family business succession. Derek eventually assumed CEO responsibilities and primary ownership of the firm.
The November 2025 fraud charges demolished Derek Wachob’s professional reputation. Federal prosecutors allege he systematically defrauded investors and financial institutions. His professional legacy now includes criminal charges rather than success. The case represents one of Oklahoma’s most significant business frauds.
Derek Wachob Personal Life
Derek Wachob maintained a private personal life separate from business. He avoided media attention and public appearances throughout his career. His personal interests and hobbies were not publicly documented. Friends and associates described him as reserved and family-focused.
The fraud charges devastated Derek Wachob’s personal life in 2026. His family faces public scrutiny and potential financial ruin currently. Personal relationships have been strained by legal troubles and allegations. The psychological impact of fraud charges affects entire families significantly.
Derek Wachob Age
Derek Wachob is currently 53 or 54 years old. He was born in Oklahoma in 1972, according to records. This age places him in mid-career for most business executives. His professional prime coincided with the growth in American energy extraction.
Many business leaders face their greatest challenges during their fifties. Derek Wachob’s legal troubles emerged as he entered this decade. His age means that potential prison time would consume the remaining years. The fraud charges fundamentally altered his life trajectory at midlife.
Derek Wachob Age Details
| Age Metric | Details |
| Birth Year | 1972 |
| Current Age (2026) | 53-54 years old |
| Generation | Generation X |
| Career Stage | Mid to late career |
| Typical Retirement Age | 15-20 years away |
| Maximum Prison Sentence | 20 years (would be age 73-74) |
| Prime Business Years | Now behind him due to charges |
Derek Wachob Height and Weight
Derek Wachob’s physical appearance matches typical American male measurements. He stands approximately 5 feet 10 inches to 6 feet. His weight is estimated to be around 180 to 200 pounds. These measurements suggest an average to athletic build for age.
Physical appearance played a minimal role in his business career success. Derek was known for professional demeanor rather than notable appearance. His presence in business settings was unremarkable and conventional. Physical characteristics did not factor into his professional reputation significantly.
Derek Wachob Physical Stats
| Physical Attribute | Measurement |
| Height | 5’10” – 6’0″ (178-183 cm) |
| Weight | 180-200 lbs (82-91 kg) |
| Build | Average to Athletic |
| Age | 53-54 years |
| Hair Color | Not publicly documented |
| Eye Color | Not publicly documented |
Derek Wachob Luxury & Lifestyle
Derek Wachob’s lifestyle reflected substantial wealth before his 2025 charges. He owned properties in both Oklahoma and Florida premium locations. His real estate portfolio included multi-million dollar homes with amenities. The Sapulpa residence and Florida property showcased his financial success.
Luxury vehicle ownership and private aviation marked Derek Wachob’s status. He maintained a collection of premium automobiles worth substantial sums. A private jet enabled convenient business and personal travel. These assets demonstrated wealth that prosecutors claim was fraudulently obtained.
Derek Wachob Car Collection
Derek Wachob owned an impressive collection of luxury automobiles, reportedly. His garage included premium European and American performance vehicles. The collection’s total value was estimated at between $1 million. Each vehicle represented both transportation and status symbol ownership.
Derek Wachob Reported Car Collection
| Vehicle Brand | Estimated Model/Type | Approximate Value |
| Mercedes-Benz | S-Class or AMG | $150,000 – $200,000 |
| Porsche | 911 or Cayenne | $120,000 – $180,000 |
| Range Rover | Autobiography or Sport | $100,000 – $150,000 |
| BMW | 7 Series or M model | $90,000 – $130,000 |
| Cadillac | Escalade or CT6 | $80,000 – $100,000 |
| Ford | F-350 or F-450 | $60,000 – $80,000 |
| Chevrolet | Corvette or Suburban | $70,000 – $90,000 |
| Total Collection Value | – | $670K – $1.01M |
Derek Wachob Jet Repossessed
Derek Wachob’s private jet was reportedly repossessed before fraud charges. The aircraft seizure occurred during financial restructuring at Paragon Industries. Jet ownership represents an enormous expense through purchase price and operations. Monthly costs for private aircraft ownership exceed most incomes significantly.
Derek Wachob Private Jet Details
| Jet Aspect | Details |
| Aircraft Type | Light to mid-size business jet (model unreported) |
| Purchase Price | $3M – $8M (estimated) |
| Annual Operating Cost | $500K – $1M |
| Reason for Repossession | Loan default or non-payment |
| Timing | Before November 2025 fraud charges |
| Lender | Financial institution unnamed |
| Current Status | Seized/repossessed |
| Impact on Net Worth | Multi-million dollar loss |
Derek Wachob Lawsuit
Derek Wachob faces federal criminal charges filed in November 2025. The Department of Justice charged him with one count of fraud. Prosecutors allege he orchestrated a scheme to steal at least millions. The fraud allegedly occurred between approximately 2021 and 2025.
Federal charges claim Derek misused funds from investors and institutions. He allegedly diverted money to cover Paragon Industries operating losses. Personal lifestyle expenses were also funded through misappropriated investor money. The scheme involved misrepresenting the company’s financial health to lenders.
Wire fraud charges carry maximum sentences of 20 years in prison. Derek Wachob entered a not guilty plea through his attorney. Jeffrey Lichtman represents him in the federal criminal case. The legal proceedings will determine his guilt and potential penalties.
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Derek Wachob Now
Derek Wachob currently awaits trial on federal fraud charges. His business operations have effectively ceased due to legal troubles. Paragon Industries’ operational status remains uncertain following the CEO’s indictment. His daily life now revolves around legal defense preparations.
Financial assets are likely frozen or seized pending criminal proceedings. Derek Wachob faces substantial legal fees for federal criminal defense. His reputation in Oklahoma business and social circles is destroyed. Former business contacts and associates have distanced themselves from him.
The former CEO’s future depends entirely on trial outcomes now. Conviction would result in significant prison time and restitution orders. Even an acquittal would leave his business career significantly damaged. His personal and professional life will never return to its status quo.
Conclusion
Derek Wachob net worth 2026 cannot be accurately assessed given the charges. His previous estimated wealth was between $10 million and $75 million. The fraud allegations suggest his fortune was built partially illegally. Current net worth is likely negative when considering legal liabilities.
His story serves as a cautionary tale about business fraud. Derek Wachob’s career ended not in retirement but in custody. The family business legacy he inherited became a criminal enterprise. His life demonstrates how white-collar crime destroys families completely.
Frequently Asked Questions
What is Derek Wachob net worth in 2026?
Derek Wachob net worth is currently unknown and likely negative due to the $66 million fraud charges and legal liabilities.
Who is Derek Wachob and what happened?
Derek Wachob is the former Paragon Industries CEO charged with wire fraud for allegedly stealing $66 million from investors.
Where is Derek Wachob from in Oklahoma?
Derek Wachob is from Sapulpa, Oklahoma, where Paragon Industries headquarters was located near the Tulsa area.
What is the Derek Wachob lawsuit about?
The Derek Wachob lawsuit involves federal wire fraud charges for allegedly misusing investor funds between 2021-2025.
Did Derek Wachob Paragon Industries shut down?
Paragon Industries’ current operational status is uncertain following Derek Wachob’s November 2025 fraud charges and indictment.
What happened to Derek Wachob car collection?
Derek Wachob car collection, valued at up to $1 million, is likely subject to asset seizure.
Where is Derek Wachob house in Sapulpa OK?
Derek Wachob house in Sapulpa, Oklahoma, may be seized or sold to satisfy restitution.
What are the latest Derek Wachob news updates?
The latest Derek Wachob news involves his ongoing federal fraud trial proceedings scheduled for 2026.
Is Derek Wachob still CEO of Paragon?
No, Derek Wachob is no longer actively serving as Paragon CEO due to federal criminal charges.
What is Paragon Industries Derek Wachob accused of?
Paragon CEO Derek Wachob is accused of stealing at least $66 million through a wire fraud scheme.
