Friday, December 10, 2010

Oklahoma Woman Pleads Guilty to Charges She Embezzled More Than $1.5 Million

Lora L. Renshaw, 49, of Jones, Oklahoma, pleaded guilty to charges she embezzled $1,525,247.43 from Crown Electric, Inc., where she had been employed as a bookkeeper. According to prosecutors, over a four year period, from 2005 to 2009, Renshaw wrote more than 500 unauthorized checks, forging the signature of signatory to pay for personal expenses and enrich herself. Specifically, Renshaw plead guilty to a two-count Information charging mail fraud and filing a false tax return. She is due to be sentenced in about 3 months.

Read the story here, here and here.

Read the DOJ announcement here.

Update (5/10/11): Renshaw, now 50, was sentenced to 30 months in prison and was ordered to pay restitution.

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