Oklahoma woman convicted of retirement plan embezzlement

The Associated Press - January 24, 2018 12:14 pm

OKLAHOMA CITY (AP) – An Oklahoma woman has been sentenced to three years in federal prison for embezzling more than $450,000 from a retirement and health benefits plan for unionized engineers.

The Oklahoman reports that 51-year-old Susan Michelle Tyson of Yukon had pleaded guilty to wire fraud for making dozens of unauthorized transfers to her bank account. A federal judge ordered Tuesday for Tyson to pay nearly $310,000 in restitution, in addition to the sentence.

Prosecutors say Tyson was a bookkeeper at Zenith American Solutions Inc., an Oklahoma City company that managed assets owned by Oklahoma Operating Engineers Welfare Plan. Tyson submitted duplicate invoices to the benefits plan to make her transfers appear legitimate.

Prosecutors say she used the stolen money to make house renovations, buy a motorcycle and take vacations.

An attorney for Tyson says she’s remorseful.

 

Latest Stories

Biden heads into a make-or-break stretch for his imperiled presidential campaign

WASHINGTON (AP) — President Joe Biden on Thursday opened a critical stretch in his effort to salvage his imperiled reelection campaign, facing...

MAN SHOT BY DISPENSARY EMPLOYEE DURING ATTEMPTED BURGLARY, TULSA POLICE SAY

TULSA, Okla. – A man is injured after being shot at a shopping center overnight in Tulsa,...

Tunnel to Towers Pays Off Family Home of Edmond Officer Killed in Crash

EDMOND, OKLA. (KOKH) — In honor of Independence Day, Tunnel to Towers delivered 35 mortgage-free homes to...