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Case Number: 5:20-cr-00344-D
Judge: Timothy D. DeGiusti
Court: United States District Court for the Western District of Oklahoma (Oklahoma County)
Plaintiff's Attorney: United States District Attorney’s Office
Description: Oklahoma City, Oklahoma wire fraud and income tax evasion charges criminal defense lawyer represented Defendant, Jordan Glen Young, who was charged with wire fraud and signing a false federal income tax return, in connection with a $2.3 million embezzlement from an Oklahoma City trust bank.
From 2006 through March 2020, Young worked at an Oklahoma City trust bank as a Trust Administrative Officer. Young oversaw trust accounts and distributed funds from those accounts to the beneficiaries as needed.
On February 22, 2021, Young pleaded guilty to making an unauthorized distribution, in the amount of $60,706.53, to his personal checking account from a trust account he was managing in October 2018. As part of his plea, Young admitted that he embezzled funds from his former employer from December 2015 through March 2020, and stipulated that the total loss to the trust bank from his embezzlement scheme was $2,323,036.91.
In addition to wire fraud, Young also pleaded guilty to signing a false federal income tax return. He admitted that on April 15, 2019, he signed a personal federal income tax return for the 2018 calendar year that he knew was false because it reported only $114,439 in total income. At the plea hearing, Young admitted that he omitted on the 2018 tax return thousands of dollars of embezzled income from the trust bank.
At sentencing, Young faces up to 20 years in federal prison on the wire fraud count, plus three years of supervised release, and a $250,000 fine. Young also faces up to three years in federal prison on the tax count, in addition to one year of supervised release, and a $250,000 fine. As part of the plea agreement, Young agreed to pay restitution to the trust bank in the amount of $2,323,036.91, and he agreed to pay restitution for tax loss to the Internal Revenue Service in the amount of $500,822. Young will be sentenced in approximately 90 days.
This case is the result of an investigation by the Federal Bureau of Investigation and Internal Revenue Service - Criminal Investigation. The case is being prosecuted by Assistant U.S. Attorneys Bow Bottomly and Chris M. Stephens.
18:1343 WIRE FRAUD
26:7206(1) FALSE FEDERAL INCOME TAX RETURN
Outcome: 02/22/2021 4 MINUTE ENTRY for proceedings held before Honorable Timothy D. DeGiusti:Waive and File Hearing as to Jordan Glen Young held on 2/22/2021, Plea entered by Jordan Glen Young (1) Guilty Count 1,2. (Court Reporter Christy Clark.) (mb) (Entered: 02/22/2021)
02/22/2021 5 PLEA AGREEMENT as to Jordan Glen Young (mb) (Entered: 02/22/2021)
02/22/2021 6 PETITION To Enter a Plea of Guilty by Defendant Jordan Glen Young (mb) (Entered: 02/22/2021)
02/22/2021 8 WAIVER OF INDICTMENT by Jordan Glen Young (mb) (Entered: 02/22/2021)
02/22/2021 9 WAIVER of Jury Trial by Jordan Glen Young (mb) (Entered: 02/22/2021)
02/22/2021 10 ORDER Setting Conditions of Release as to Jordan Glen Young (1) $50,000.00 O.R. Bond. Signed by Honorable Timothy D. DeGiusti on 2/22/2021. (mb) (Entered: 02/22/2021)
02/22/2021 11 O.R. Bond Entered as to Jordan Glen Young in amount of $ 50000.00, (mb) (Entered: 02/22/2021)