Friday, September 25, 2009
Update: Former Oklahoma Sports Association Exec Pleads Guilty To $450K Embezzlement Case
Danny Lynn Rennels, 58, of Verden, Oklahoma, pleaded guilty yesterday to embezzling $457,500 from the from the Oklahoma Secondary School Activities Association (OSSAA), where he had served as executive director. Rennels was arrested two weeks ago and charged with embezzlement. Last March, Rennels was fired from OSSAA, which regulates high school sports in Oklahoma. Under the plea agreement, Rennels must repay $421,500 in restitution as some of the money has already been recovered. He had served as executive secretary for nearly ten years. According to prosecutors, Rennels' embezzlement began in or about September 1, 2005 and continued until March, when he was fired. Rennels reportedly has a severe Internet gambling habit.
Read FraudTalk's earlier post on this story here.
Read the story here.