Oklahoma Woman Ordered to Repay Insurer $250,000

May 12, 2011

A federal judge has sentenced a Jones woman to 30 months in prison for embezzling $1.5 million from an Oklahoma City electric company where she worked as a bookkeeper.

U.S. District Judge David Russell also on Tuesday ordered 50-year-old Lora Renshaw to pay $1.275 million in restitution to Crown Electric, $250,000 to Central Mutual Insurance Co. and $457,530 to the Internal Revenue Service.

Renshaw pleaded guilty in December to mail fraud and filing a false tax return. Prosecutors say she wrote 500 checks on Crown Electric’s account to pay personal expenses and altered copies of the checks to indicate they were made to legitimate vendors.

Renshaw’s attorney, Robert Manchester III says his client is trying to make things right. More than $334,000 has been turned over to go toward restitution.

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