The Edmond Sun

Local News

Discussion

October 13, 2007

11 receive sentences in Oak Tree housing fraud case

Alice Collinsworth

EDMOND — Eleven defendants convicted of offenses stemming from a mortgage fraud scheme involving Oak Tree properties in north Edmond were sentenced to prison in U.S. District Court.

Gayle L. Caldwell, 39; Charles E. Caldwell, Jr., 41; Teresa M. Therrien, 32; and Rusty Real Therrien, 33, were sentenced Friday after being found guilty following a 12-day jury trial in April, according to the federal prosecutor’s office in Oklahoma City.

Timothy J. McDaniel, 45; Anthony Jew, 38; and Toney Charles Mykel, 40, were convicted in separate, related cases and testified in the trial against the above six defendants, the office stated in a press release.

The defendants were indicted in November 2006.

The evidence at trial showed that defendant Brandon L. Baum, 32, of Joplin, Mo., was a real estate agent and acted as the buyers’ agent in the purchases of properties in Oak Tree subdivision.

Potential home buyers represented by Baum were told they could receive substantial funds at the time of closing under the guise of “repair costs,” which they could use for their personal benefit, if they agreed to purchase the homes at an inflated price. Sellers’ agents for certain hard-to-sell properties in Oak Tree negotiated sales with Baum, according to a release from the Department of Justice.

Braum was convicted of 13 counts involving wire fraud and engaging in a monetary transaction in criminally derived property. He was sentenced to serve 87 months in federal prison, followed by three years of supervised release, and ordered to pay restitution of nearly $512,000.

Gayle Caldwell was convicted of two counts involving wire fraud and money laundering. She was served to 18 months in federal prison followed by two years of supervised release.

Charles Caldwell was convicted of three counts involving wire fraud. He was sentenced to 18 months in federal prison, followed by two years of supervised release, and ordered to pay restitution of nearly $186,000.

Teresa Therrien was convicted of two counts involving wire fraud and engaging in a monetary transaction in criminally derived property. She was sentenced to one month in federal prison, followed by 90 days of home detention while serving two years of supervised release, and ordered to pay restitution of almost $83,000.

Rusty Therrien was convicted of six counts involving wire fraud and engaging in a monetary transaction in criminally derived property. He was sentenced to 18 months in federal prison, followed by two years of supervised release, and ordered to pay restitution of almost $83,000.

Joseph Therrien, 29, of Oklahoma City, was convicted of two counts involving wire fraud and engaging in a monetary transaction in criminally derived property. He was sentenced to 12 months and one day in federal prison, followed by two years of supervised release, and ordered to pay restitution of almost $60,000.

McDaniel, Jew, Mykel and Dalton Joe Alford, 35, of Oklahoma City, were convicted of similar charges and sentenced to serve terms of six to 12 months in prison, followed by supervised release. All were ordered to pay restitution ranging from about $14,000 to $263,000.

The 11th defendant, Theresa Ann Campbell, 66, of Edmond, pled guilty in December of last year to conspiracy to commit wire fraud. She was sentenced previously to two months in federal prison followed by two years of supervised release. She also was ordered to pay a $4,000 fine and more than $52,000 in restitution.

The case was investigated by the FBI and the Criminal Investigative Division of the Internal Revenue Service.

It was prosecuted by Assistant U.S. Attorneys Susan Dickerson Cox and Nick Lillard.

Text Only
Local News
  • $6.8B budget crosses final hurdle

    House members found enough votes late Thursday afternoon to approve the state’s $6.8 billion budget for next year by a vote of 52-42. This came after an earlier vote failed by four votes in the House Thursday morning.

    May 25, 2012

  • Santa Fe principal resigns

    Edmond Santa Fe High School principal Earl Kirkpatrick resigned Thursday to explore possibilities in the field of ministry. His last day is June 30.

    May 25, 2012

  • devin derrick 2012.jpg Hollywood dreams do come true: Edmondite develops film, music career

    It’s all about being in the right place at the right time.
    At least that is what Edmond resident and 1990 Edmond High School graduate Devin Derrick will tell you about his rise to fame in the music and movie businesses.

    May 25, 2012 1 Photo

  • ASK A LAWYER: Trusts provide options for difficult heirs

    Q: We have a grown daughter who has a gambling problem. We want to provide for her in our will, but also want to protect her share from being wasted after we die. How can we do this?
    A: Your situation is not unusual. Most of us know at least one person who has difficulty handling money for one reason or another.

    May 25, 2012

  • 5-26 Pets

    This is a list of animals that have been found and are at the Edmond Animal Shelter, at Interstate 35 and Covell in the Cross Timbers Municipal Complex. Call the shelter at 216-7615 for more information.

    May 25, 2012

  • 5-26 Police and Fire

    Information in this column is gathered from city fire incident logs and police incident reports.

    May 25, 2012

  • Make-A-Wish Oklahoma hosts Lexus raffle

    Make-A-Wish Oklahoma will once again partner with Lexus of Tulsa and Eskridge Lexus of Oklahoma City to raffle off a new Lexus, raising funds to support the organization’s efforts to grant the heartfelt wishes of children diagnosed with life-threatening medical conditions in Oklahoma.

    May 25, 2012

  • Edmond youth are encouraged to make a difference

    The Edmond Youth Council programs are opportunities for students 15-18 years of age to learn about municipal government and potentially impact future city policies.

    May 25, 2012

  • Hiebert graduates from Field Artillery training

    Army Pfc. Cody A. Hiebert has graduated from the Field Artillery Firefinder Radar Operator Advanced Individual Training course at Fort Sill, Lawton.

    May 25, 2012

  • arcadia lake 3.jpg Police: Comply with lake rules during holiday period

    Summer vacation, hot days and a holiday weekend spell heavier traffic on Arcadia Lake, and police want to remind guests about rules and what happens if you break them.
    May 23 was the last day of school for Edmond Public Schools and the long Memorial Day holiday period has come.

    May 25, 2012 6 Photos