Former CPA Gets 9-year Sentence for Thefts

by Serenah McKay  on Friday, Feb. 10, 2012 7:11 am  

Kimberly O'Dell, a former Fayetteville CPA who pleaded guilty last fall to stealing more than $1.56 million from her clients, was sentenced Thursday to nine years in prison by U.S. District Judge Jimm Hendren.

Regarding the money she stole, Hendren said, "For all I know, that money may be stashed away in accounts in western Florida or New York. If you have it someplace, you need to cough it up."

The judge mentioned three other victims who weren't part of the case but who submitted victim statements: Suzie Stephens, Presidential Conversion Inc. and Wholesale Central Vacuum.

"And there probably are other victims we don't even know about," Hendren said.

He also ordered O'Dell to pay restitution of $1.31 million to the Terminellas and $147,300 to the fraternity. In addition, he imposed a $150,000 fine, but ordered the restitution be paid first.

In a news conference after the hearing, Connor Eldridge, U.S. attorney for the Western District of Arkansas, said his office "will work aggressively" to find the money O'Dell stole.

He also said that "the door remains open" for other victims who weren't part of this case to pursue civil action against O'Dell.

 

 

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