OID Investigation Leads to Embezzlement Charges

Dec 21, 2012, 16:31 ET from Oklahoma Insurance Department

OKLAHOMA CITY, Dec. 21, 2012 /PRNewswire/ -- A Luther woman has been charged with embezzling a significant amount of money from the Oklahoma County Farm Bureau. Bonnie Maloy, 31, is accused of using her former position as office secretary to write herself fraudulent checks from the office account.

"We take embezzlement cases very seriously," said Oklahoma Insurance Commissioner John D. Doak. "The investigators in our Anti-Fraud Unit do all they can to protect businesses and prevent crime, which helps reduces costs for consumers."

An Oklahoma Insurance Department (OID) investigation found that Maloy tried to cover up the theft by falsifying records. She created fake invoices for office supplies and other expenses, which initially matched up with office bookkeeping software.  It was later discovered that the invoices she created were fake and that Maloy had been writing herself checks from the office account.

"We  are  working  with  local,  state  and  federal law enforcement and agencies to prosecute this individual under the full extent of  the  law and ask that restitution be sought," said Executive Director Monica Wilke, Oklahoma  Farm Bureau and Affiliated Companies. "We've built this organization on a foundation of trust and integrity and have a zero tolerance for anyone compromising our standards and purpose."

The OID revoked Maloy's customer service license on March 14th. The Oklahoma County District Attorney's Office has charged Maloy with five counts of embezzlement and five counts of using a computer to commit a felony.

About the Oklahoma Insurance Department
The Oklahoma Insurance Department, an agency of the State of Oklahoma, is responsible for the education and protection of the insurance-buying public and for oversight of the insurance industry in the state.

For more information contact:
Kelly Collins (405) 522-0683

SOURCE Oklahoma Insurance Department