Oklahoma Resident Sentenced For Fraud And Embezzlement
A former office manager of an electric company was recently sentenced to 30 months in prison for embezzlement and tax fraud.
Lora Renshaw, a 50-year-old woman from Jones, Oklahoma, was convicted in December, according to The Oklahoman. She pleaded guilty to filing a fraudulent tax return and mail fraud.
The fraudulent tax return was filed for the 2009 tax year, and she did not report significant funds received from her job, according to the news source. Much of the money was earned through an embezzlement scheme that occurred from 2005 to 2009.
Renshaw forged hundreds of checks on an account in the name of her employer, Crown Electric Inc., the news source said. She used the money for personal expenses, and covered it up by sending the firm's accountant fake check documents and bank statements.
She was ordered by a judge in the Oklahoma City federal court to pay approximately $2 million in restitution to her company, as well as the Internal Revenue Service and Central Mutual Insurance Co, the news source added.