Former Oklahoma Horse Association Director Arrested For Embezzlement

George Ronald "Ron" Canady, 55, of Oklahoma City, Oklahoma, was arrested May 15th on charges he embezzled more than $200,000 from the Oklahoma Horseman's Benevolent Protective Association, also known as the Thoroughbred Racing Association of Oklahoma. Canady, the former director of the Association, was charged on three felony embezzlement counts. Canady resigned from the association in 2007 after an audit found the discrepancies. In court pleadings, Canady has blamed his actions on a gambling problem. He has now filed for bankruptcy.

Read the story here and here.

Update (6/1/10): Canady was sentenced to 3 years in prison for embezzling more than $200,000 from the Oklahoma Horseman's Benevolent Protective Association where he had been employed as executive director for many years. He had pleaded guilty to the charges last December. His thefts spanned at least a two year period. He was also ordered to pay restitution and attend Gamblers Anonymous.