Monday, August 6, 2012

Former Oklahoma Non-Profit Director PLeads Guilty To Embezzling $1.5 Million

Wesley Scott McGinness, 65, of Tulsa, Oklahoma, has pleaded guilty to charges he embezzled more than $1.5 million from the HOW Foundation, a non-profit organization which helps men recover from drug and alcohol addiction where he had served as executive director.  According to authorities, McGinness' misappropriation schemes spanned nearly an 8 year period, from January 13, 2003 until December 14, 2010.  McGuinness reportedly wrote 213 fraudulent checks totaling $1,359,714.89 drawn on the foundation's bank accounts to pay personal credit card debts at local area casinos.  He also embezzled about $720 per week from the cash receipts of the HOW Foundation's thrift store, for an additional approximate total of $224,000.  McGinness also pleaded guilty to a charge of filing a false 2008 federal income tax return owes the IRS a total of $366,564.82 for the tax years 2006 through 2010.

Read the story here.

Update (11/9/12): McGiness was sentenced to 15 months in prison and ordered to pay $1,584,114.89 in restitution.

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