Tuesday, September 8, 2009

Update: Former Non-Profit Exec Sentenced In $550K Misappropriation Case

Anna Marie Naukam, 51, of Edmond, Oklahoma, pleaded guilty last Friday to misappropriating more than $550,000 from the Oklahoma Court Appointed Special Advocates Association for which Anna Marie had served as Executive Director. As part of her plea agreement, Naukam was ordered to spend 15 years in prison, 20 years on probation and pay $549,024 in restitution. She offered no apologies at the hearing. Specifically, Naukam pleaded guilty to one count of conspiracy count and 148 counts of embezzlement. She had served as the executive director of the institution, which received taxpayer funding, for almost 10 years before being terminated last October. She and her husband, Eugene M. Naukam III, 64, who was also employed by the association, were indicted last month. Eugene Naukam is still facing his charges. A state auditor has alleged that the Naukam's misspent at least $650,000 in association funds. They used the funds to support a lavish lifestyle and to pay for personal expenses, including college tuition for a family member.

Read FraudTalk's original post on this story here.

Read the story here.

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