Not all criminal allegations involving theft have to do with violence or armed robbery. In some instances, an Oklahoman may find him or herself under arrest with allegations of white collar crimes. For example, a person who is accused of mishandling funds could be arrested and charged. Recently, a couple employed by the University of Oklahoma were confronted with such charges.
In the case, the husband and wife are facing federal criminal charges for the misuse of $2.1 million. They spent a vast sum for personal expenses. The grant money was sent by the U.S. Department of Energy. According to the charging documents, the parties were in control of a company and used that to seek and be approved for the grant. One is listed on the school’s website as a research scientist.
The grant money was supposed to help with science and technology to benefit the U.S. economy. However, the couple is accused of spending the funds on personal expenses. That includes paying more than $200,000 for their credit cards and spending more than $37,000 on an automobile. If convicted, they could be incarcerated for up to 20 years.
People who are accused of white collar crimes such as embezzlement, insider trading, tax evasion, being involved with a Ponzi scheme, fraud and more should be cognizant of the potential seriousness of the charges. A conviction for these allegations has major consequences with jail time and fines. In addition, it can cause major challenges in a person’s professional life. Formulating a strong defense can be complicated. To combat the charges, craft a plea agreement or get an acquittal, it is wise to have legal advice. Consulting with experienced legal advocates may be critical from the start.