JORDAN GLEN YOUNG, Embezzlement, Oklahoma 2021
A former trust bank employee, JORDAN GLEN YOUNG of Oklahoma City, was sentenced to 30 months in federal prison for wire fraud and signing a false federal income tax return, in connection with a $2.3 million embezzlement from an Oklahoma City trust bank.
Young was found guilty of wire fraud and filing a false federal income tax return. He embezzled more than $2.3 million from trust accounts through repeated diversion of funds for his personal benefit over a four-year period.
Young worked at an Oklahoma City trust bank as a Trust Administrative Officer from 2006 through March 2020. He oversaw trust accounts and distributed funds from those accounts to the beneficiaries as needed.
On February 22, 2021, Young pleaded guilty to making an unauthorized distribution, in the amount of $60,706.53, to his personal checking account from a trust account he was managing in October 2018.
In addition to wire fraud, Young also pleaded guilty to signing a false federal income tax return. He admitted that on April 15, 2019, he signed a personal federal income tax return for the 2018 calendar year that he knew was false because it reported only $114,439 in total income.
Chief United States District Judge Timothy D. DeGiusti sentenced Young to 30 months of imprisonment, followed by three years of supervised release. Young must pay restitution to the trust bank, in the amount of $2,323,036.91, and to pay restitution for tax loss to the Internal Revenue Service in the amount of $500,822.
The case was the result of an investigation by the Federal Bureau of Investigation's Oklahoma City Field Office and Internal Revenue Service - Criminal Investigation. The case was prosecuted by Assistant U.S. Attorneys Bow Bottomly and Chris M. Stephens.
Key Facts
- State: Oklahoma
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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