Oklahoma attorney general charges man with larceny by fraud

Ponca City Now - July 31, 2015 8:56 am

OKLAHOMA CITY (AP) – An Oklahoma City man accused of knowingly transferring money that belonged to other people to his personal bank accounts has been charged with two counts of larceny by fraud or theft by Attorney General Scott Pruitt’s office.

Authorities say the felony charges were filed Thursday against 32-year-old Olusola Oyegbade, a former loss mitigation employee of Midland Mortgage in Oklahoma City. Online Oklahoma County court records do not indicate whether Oyegbade is represented by an attorney.

Prosecutors say that on two occasions, Oyegbade allegedly directed customers’ payments into his own personal banking account rather than to the mortgage company. Midland reported the behavior to the FBI and he has cooperated in the investigation.

If convicted, Oyegbade could face up to 10 years in prison and fines of up to $100,000.

 

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