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Phil Albert, the above accomplishment controlling who served six years on the University of Oklahoma Lath of Regents afore resigning in January, “engaged in a arrangement and artifice to bamboozle Pelco Structural and its owners by embezzling” at atomic $1.5 actor amid 2016 and 2019, according to a above Pelco accountant’s affidavit appeal acceding filed in federal cloister aftermost week.
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While he was admiral and managing affiliate at Pelco Structural, Albert would “write on a atom allotment of cardboard whatever bulk he capital me to abide as a appropriate acceding for him” through the Claremore-based company’s bulk system, swore Don Eagleton Jr., a above Pelco accountant and controller.
“At Albert’s direction, these acceding payments were structured so that they would neither accept federal assets taxes withheld, nor arise on Albert’s Anatomy W-2,” Eagleton wrote. “At Albert’s direction, I affably buried the crooked payments by falsely miscoding the payments in Pelco Structural’s accounting arrangement so that they would arise aural the Cost of Sales-Steel account.”
Albert accommodated from Pelco Structural in April 2019, ultimately filing a preemptive accusation adjoin the aggregation he co-founded with Phil Parduhn in 2005. Parduhn’s sons countersued, alleging Albert had embezzled at atomic $7.4 million. Federal lath visited and interviewed longtime Pelco Structural advisers in February, NonDoc has learned.
Appointed to the OU Lath of Regents in 2016 by then-Gov. Mary Fallin, Albert served for a aeon on the board’s accounts lath and stood in band to become administrator for the seventh and final year of his term. Instead, he accommodated in January afterwards crumbling to animadversion on the allegations adjoin him for two years.
When Albert stepped bottomward from OU’s administering board, Gov. Kevin Stitt and OU Admiral Joe Harroz offered acclaim for his tenure.
“Phil Albert served the University of Oklahoma able-bodied during his time as a regent,” Stitt said in a columnist absolution from his office.
Harroz offered a adduce in the aforementioned release.
“As a regent, he has approved an agog affection for our university and our students, and we aboveboard acknowledge his admonition these accomplished six years,” Harroz said.
Asked for animadversion about Eagleton’s appeal acceding and the allegations adjoin Albert, an OU backer said university admiral accept no added comments at this time.
Federal prosecutors filed their case adjoin Eagleton on Aug. 9, and he pleaded accusable to misprison of a abomination — acceptation he helped burrow and did not address a bent act — on Sept. 14.
Asked about the bearings Monday, associates of the Parduhn ancestors beneath to animadversion on the advancing bent investigation.
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