Oklahoma woman accused of embezzling nearly $1 million

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OKLAHOMA CITY  – Officials say an Oklahoma City resident had been indicted by federal grand jury for embezzling nearly $1 million.

Julie Ann Smith, of Jones, is accused of embezzling nearly one million dollars from a metro company.

At PE&E, Smith was the accounts payable clerk and officer manager, where she prepared checks and paid invoices for the company.

It is alleged that Smith forged approximately 192 PE&E checks, from June of 2002 through June of 2012, by using the company owner’s signature stamp without PE&E’s permission or knowledge.

The 192 checks totaled to approximately $985,540.14.

If convicted, Smith faces a prison sentence of up to 30 years for each bank fraud count, up to 20 years for each mail fraud count, up to 10 years for each forged securities count, up to three years for each false tax return count, and a mandatory two-year prison term under the aggravated identify theft count.

Smith could also receive an additional $250,000 fine on each count if convicted.

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