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Mug Shot Monday — Bookkeeper Gets 41 Months, Owner Gets 21 Months for Photoshopped Invoice Scam

May 18, 2015

By Bob Coleman
Editor, Mug Shot Monday

By Bob Coleman
Editor, Mug Shot Monday

Shorts Electric provided oilfield and residential electric services in the West Texas oil patch of Odessa, Texas

The ‘Friendly West Texas’ Commercial State Bank structured a working capital line for the company and advanced funds based on their accounts receivables.

The problem was $400,000 of invoices were photoshopped and fake.

‘The defendants created and submitted to CSB numerous fraudulent invoices knowing that those invoices would be uncollectable because they did not represent actual money owed to Shorts.’

Oops.

‘Bank fraud has the potential to cause immeasurable damage to our community,’ says FBI Special Agent in Charge Douglas E. Lindquist.

‘The FBI will continue to rigorously investigate schemes to defraud financial institutions insured by the FDIC in order to protect the community.’

Small business owner Lanny McDorman gets 21 month.

His office manager, 46-year old Justine Woods, was sentenced to 41 months in prison in February.

Both are ordered to pay $371,060 in restitution.

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