Electric company executive sentenced - WALB.com, Albany News, Weather, Sports

Electric company executive sentenced

  • More WALB News10 HeadlinesMore News Headlines

  • Wednesday, May 22 2013 8:20 PM EDT2013-05-23 00:20:52 GMT
    The Lee County Sheriff's Department is now working with the Albany Crime stoppers. The Lee County Sheriff's Department asked to join the Albany Crime-stoppers program. The Sheriff's Department believes
    The Lee County Sheriff's Department is now working with the Albany Crime stoppers. The Lee County Sheriff's Department asked to join the Albany Crime-stoppers program. The Sheriff's Department believes it will be a helpful tool in closing some cases.

     
  • Disaster plans for your pet

    Wednesday, May 22 2013 8:08 PM EDT2013-05-23 00:08:36 GMT
    How would you save your pets life if a tornado touched down here in South Georgia? Tuesday's tornado ripped through Oklahoma taking 24 lives, and today families are still searching for their belongings
    How would you save your pets life if a tornado touched down here in South Georgia? Tuesday's tornado ripped through Oklahoma taking 24 lives, and today families are still searching for their belongings and pets that were lost during the storm
  • Wednesday, May 22 2013 6:43 PM EDT2013-05-22 22:43:09 GMT
    Some princesses and super heroes made a stop in Albany Wednesday to visit young patients at Phoebe Putney Memorial hospital. Spiderman, Ariel and a few others made rounds to the children on the pediatric
    Some princesses and super heroes made a stop in Albany Wednesday to visit young patients at Phoebe Putney Memorial hospital.

June 17, 2003

(Brunswick-AP) -- The former chief executive of a southeast Georgia utility cooperative was sentenced to three years in prison Monday for spending nearly half a million dollars at the expense of stockholders.

Fifty-two-year-old Don Holland was convicted of embezzlement and ordered to pay $428,129 in restitution for stealing from Okefenokee Electric Membership Corporation, where he had served as general manager since 1993. He was fired when the theft was reported.

Holland used company credit cards to buy jewelry, clothing, furniture, electronics and get cash advances totaling $69,000 over four years.

District Attorney Stephen Kelley says Holland's personal insurance company already has compensated the company for its loss. Holland will be required to repay the insurance company. He will have to serve at least one year in prison before he is eligible for parole.

 The Nahunta-based Okefenokee Electric has about 29,000 subscribers in six southeast Georgia and two northeast Florida counties.

Posted at 2:55PM by dave.miller@walb.com