Former Edmond Property Manager Pleads Guilty to Defrauding Clients and Failure to Pay Taxes

Oklahoma City, Oklahoma – Today, ANGELA RENEE RENEAU, from Oklahoma City, pled guilty to one count of wire fraud and one count of failure to file an income tax return, announced Mark A. Yancey, United States Attorney for the Western District of Oklahoma.  

Between 2010 and 2014, Reneau provided real estate management services to owners of commercial office buildings in the Edmond, Oklahoma, area through her business, Reneau Properties, LLC.  At her plea hearing today, Reneau admitted to United States District Judge Vicki Miles-LaGrange that during this time period she made unauthorized transfers of her clients’ rent income funds into her Reneau Properties bank account and used those funds for her personal expenses.  Specifically, she admitted that she caused Citizens Bank of Edmond, in 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 this transfer was not authorized by her client and that she used the funds for her personal expenses. In addition, Reneau also admitted that she knowingly and willfully failed to file a federal income tax return with the Internal Revenue Service for the tax year of 2014.

At sentencing, Reneau faces up to 20 years in prison and a $250,000 fine for the wire fraud charge and up to one year in prison and a $100,000 fine on the tax charge.   A sentencing hearing will be set by the court in approximately 90 days.

This case was investigated by the Federal Bureau of Investigation and the Internal Revenue Service Criminal Investigations Division.  The case was prosecuted by Assistant U.S. Attorney Amanda Maxfield Green.