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Former Tulsa insurance agent accused of embezzling more than $64,000

OKLAHOMA – A former Tulsa insurance agent was charged Thursday with embezzling more than $64,000 from a company bank account.

Michael W. Hefner, 47, is accused of transferring money from the company account to a second bank account only he controlled.

Investigators found more than a dozen illegal transactions between January 2012 and May 2015.

Hefner spent the money at casinos, grocery stores and gas stations.

He also used it to pay bills for personal loans, utilities, child care, a storage unit and auto insurance.

“I have zero tolerance for agents who break the law,” said Oklahoma Insurance Commissioner John D. Doak. “Insurance-related crimes often lead to higher premiums for everyone. I commend the excellent work done by our Anti-Fraud Unit and the Attorney General’s Office on this case. These charges send a message that crimes like this will be discovered and the perpetrators will be prosecuted.”

Hefner has been charged with 15 counts of embezzlement.

A warrant has been issued for his arrest.