FOR IMMEDIATE RELEASE
July 21, 2011
Conner Eldridge, United States Attorney for the Western District of Arkansas, announced today that KIMBERLY O’DELL, age 50, was arraigned on charges that she fraudulently obtained funds from clients’ bank accounts. A superseding indictment filed on May 25, 2011 charges O’Dell with six counts of wire fraud, four counts of money laundering, and one count of misuse of names or symbols related to the Department of the Treasury and the Internal Revenue Service (“IRS”). The indictment alleges that O’Dell defrauded clients out of a total of $1,561,069.96. The indictment specifically alleges that O’Dell fraudulently obtained funds from Thomas Terminella and his company, Terminella & Associates, both of Fayetteville, and from the University of Arkansas, Fayetteville, chapter of the Phi Delta Theta Fraternity. The indictment also charges O’Dell with misusing the names and symbols of the Department of Treasury and IRS by tampering with a communication purporting to be from the IRS and stating that a refund of over $100,000 was being mailed.
The charges contained in the superseding indictment are only allegations. A person is presumed innocent unless and until he or she is proven guilty beyond a reasonable doubt in a court of law.
Arraignment was held on July 15, 2011, in the U.S. District Court in Fayetteville before U.S. Magistrate Judge Erin L. Setser. O’Dell was arrested on June 15, 2011 by United States Marshals in New Orleans, Louisiana. O’Dell was originally indicted by a grand jury on November 4, 2010. The grand jury returned the 11 count Superseding Indictment on May 25, 2011. The case is scheduled for jury trial on September 1, 2011, at 8:30 a.m. before Chief U.S. District Judge Jimm Larry Hendren, in Fayetteville, Arkansas.
This case was investigated by the Internal Revenue Service-Criminal Investigation, Department of Treasury Inspector General for Tax Administration (TIGTA), the Federal Bureau of Investigation, and the Fayetteville Police Department. The Washington County Prosecuting Attorney’s Office also cooperated on this case. First Assistant U.S. Attorney Wendy L. Johnson is prosecuting the case for the United States.
If convicted, O’Dell faces a potential maximum penalty of 20 years in prison on each wire fraud count, ten years in prison on each money laundering count, and one year in prison on the misuse of the Department of Treasury name count.
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