Oklahoma City Woman Pleads Guilty to Embezzlement Scheme

OKLAHOMA CITY, OK – In a shocking turn of events, 45-year-old Stephanie Fannin, a resident of Oklahoma City, pleaded guilty to a one-count felony information charging her with wire fraud in federal court yesterday, announced United States Attorney Robert J. Troester.

The information was filed against Fannin on April 12, 2023, and alleges that between 2018 and April 2021, Fannin, who served as the office manager of General Lighting and Sign Services (GLSS), issued approximately 294 unauthorized checks made payable to her drawn on GLSS’s operating account, and deposited each of these checks into her personal bank account to pay for personal items and services.

Fannin further admitted that she used computer software to make it appear that the unauthorized checks had been made to GLSS’s vendors, disguising her brazen scheme to embezzle funds from her employer. The investigation revealed that Fannin embezzled approximately $1,432,260.03 from GLSS.

The case is a result of an investigation by the United States Secret Service and the Internal Revenue Service – Criminal Investigation. It is being prosecuted by Assistant U.S. Attorney Charles Brown. A sentencing hearing will be scheduled in approximately 90 days.

Fannin faces up to 20 years in federal prison, a $250,000 fine, and 3 years of supervised release. She will also be ordered to pay restitution to the victim company. The court’s decision will be a crucial turning point in the lives of all parties involved, and the community is eagerly awaiting the outcome of this case.

The case serves as a stark reminder of the importance of corporate accountability and the devastating consequences of white-collar crime. It is a cautionary tale of the dangers of unchecked power and greed, and a reminder that no one is above the law.

Reference is made to court filings for further information. This case is a testament to the tireless efforts of law enforcement agencies and prosecutors in bringing justice to those who have been victimized by such crimes.

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