Former Edmond Property Manager to Serve 18 Months in Prison for Defrauding Clients and Failing to Pay Taxes
Oklahoma City, Oklahoma – On April 26, 2017, ANGELA RENEE RENEAU, of Oklahoma City, was sentenced by United States District Judge Vicki Miles-LaGrange to serve 18 months in federal prison for committing wire fraud and for failing to file an income tax return, announced Mark A. Yancey, United States Attorney for the Western District of Oklahoma. Reneau was ordered to pay restitution totaling $386,236.27 to five of her former clients. Reneau was also ordered to pay $137,352 in restitution to the IRS. She will serve three years of supervised release at the end of her prison term.
Reneau was charged by Information and pled guilty on November 22, 2016. She admitted that between 2010 and 2014, she provided real estate management services to owners of commercial office buildings in the Edmond, Oklahoma, area through her business, Reneau Properties, LLC. She further admitted that during this time she made unauthorized transfers of her clients’ rental income into her Reneau Properties bank account and used those funds for her personal expenses. Specifically, she admitted that she caused Citizens Bank of Edmond, Oklahoma, to use interstate wire communications with the bank’s processor, which is located out-of-state, to transfer $11,000 from the bank account of her client, 750 West Covell, LLC, into her Reneau Properties bank account. Reneau admitted that her client did not authorize this transfer and that she used the funds for her personal expenses. In addition, Reneau admitted that she knowingly and willfully failed to file a federal income tax return with the Internal Revenue Service for the 2014 tax year.
This case was investigated by the Federal Bureau of Investigation and the Internal Revenue Service, Criminal Investigations. The case was prosecuted by Assistant U.S. Attorney Amanda Maxfield Green.