Oklahoma business briefs for Feb. 8

Oklahoma business briefs for Feb. 8
Published: February 7, 2014

Oklahoma briefs

Man accused in bank fraud case

A former business owner was indicted this week on 18 counts of bank fraud and money laundering. Michael Medlock is accused of diverting money meant to repay loans to his businesses, Klutts Equipment Inc. and Vincens Omnibus LLC, for his own use, an indictment in Tulsa federal court shows. Medlock is accused of defrauding ONB Bank and Trust out of more than $2 million between December 2007 and April 2011. Prosecutors are seeking the forfeiture of all property linked to Medlock’s scheme.

Verizon names region president

Verizon Wireless has named Arkansas native Kristi Crum president of its South Central Region, which includes all of Oklahoma and Arkansas, as well as northern Mississippi and western Tennessee. Crum will be responsible for strategic development and growth of the South Central Region’s business, retail, indirect, finance and operations functions. “Verizon continues to develop and expand wireless technologies in Oklahoma and nationwide, and our customers will continue to benefit from this innovation,” said Crum. “We were the first wireless carrier to launch the 4G LTE wireless network in Oklahoma and we continue to build upon that network, offering Oklahomans the largest 4G LTE wireless coverage in the state.” Crum began her career in the wireless industry in 2001 as an analyst with Alltel, which was acquired by Verizon Wireless in 2009. Since then, Crum has served in leadership positions in emerging communication products, consumer data products and retail sales for Verizon Wireless.

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