A longtime Tulsa, Oklahoma criminal defense attorney has pleaded guilty in Tulsa County District Court for his role in helping embezzle more than $1 million from clients, Attorney General Scott Pruitt’s office reported.
Fred Schraeder entered a guilty plea to one count of conspiracy to commit workers compensation fraud. He received a 5-year deferred sentence and will pay more than $36,000 in restitution, $500 in fines and a $100 victim’s compensation assessment. (WCxKit)
The Oklahoma Bar Association's Clients Security Fund is also assisting in reimbursing victims. Schraeder must surrender his law license and is not eligible to re-apply while on probation.
Schraeder’s accomplice, William Anton, received four consecutive sentences totaling 35 years, with 25 years suspended. He was ordered to pay $702,813 in restitution and surrender his law license. (WCxKit)
The Attorney General’s office filed charges against Schraeder and Anton, alleging they embezzled money from clients personal injury benefits, insurance settlements and workers comp benefits. The defendants purportedly embezzled more than $1 million from 49 identified victims.
Author Robert Elliott, executive vice president, Amaxx Risk Solutions, Inc. has worked successfully for 20 years with many industries to reduce Workers Compensation costs, including airlines, healthcare, printing/publishing, pharmaceuticals, retail, hospitality and manufacturing. See www.LowerWC.com for more information. Contact: [email protected].
THE BEST WORKERS COMP BOOK: www.WCManual.com
WORK COMP CALCULATOR: www.LowerWC.com/calculator.php
MODIFIED DUTY CALCULATOR: www.LowerWC.com/transitional-duty-cost-calculator.php
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Do not use this information without independent verification. All state laws vary. You should consult with your insurance broker or agent about workers comp issues.
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