Former Oklahoma City Business Owner Sentenced For Fraud
OKLAHOMA CITY - An Oklahoma City businessman was sentenced to two years in federal prison for his role in defrauding UE Manufacturing through fake invoices.
Dean Elvin Stiger, 67, of Oklahoma City, was also ordered to pay nearly $757,000 in restitution.
Stiger owned and operated D&D Equipment & Supply, which provided freight services to businesses in the oil and gas industry, including UE Manufacturing.
Stiger was indicted on 16 counts of wire fraud and three counts of money laundering in July of 2013.
Stiger pleaded guilty to one count of fraud and one count of money laundering in October 2013.
According to the indictment, he along with UE Manufacturing purchasing agent, Kevin Sheldon, caused that company to pay more than $500,000 in fictitious D&D freight invoices from 2009 to the end of 2012. They met at a bank to divide the proceeds.
According to court documents, the indictment also alleged Stiger used some of his proceeds for mortgage payments and also a Cadillac Escalade.
Kevin Sheldon pleaded guilty to wire fraud in August of 2013. His sentencing is pending.