A federal grand jury for the U.S. District Court's Western District of Oklahoma indicted Sharilyn Kay Young, the former executive vice president of the Oklahoma Lumbermen's Association (OLA), with nine felony counts of health care-related theft and/or embezzlement involving the LBM group's health plan trust.
The bill of indictment, returned Aug. 27 and filed Sept. 2, alleges that between October 2004 and December 2006, Young wrote nine checks to herself from the trust's bank account that were worth a total of $25,600, deposited the money for the first eight checks into two of her personal accounts at other banks, and arranged to get cash for the ninth check. The trust is a fund OLA created to help provide the employees of association members with lifre, accident, medical and dental insurance as well as prescription drug and hospitalization benefits, the indictment said. It also is used to pay premiums on the insurance contracts.
Young's duties as OLA executive vice president, which she joined around February 1996, included managing OLA's group health insurance plan. She left OLA sometime after the ninth check was written and no longer is associated with OLA.
Each count carries a penalty of not more than 10 years' imprisonment, $250,000 fine, or both; plus three years' supervised release and restitution.