BY RANDY ELLIS rellis@opubco.com
©Copyright 2014, The Oklahoman
PONCA CITY — An FBI investigation is underway into allegations that a husband and wife team committed a multimillion-dollar fraud against an Oklahoma State University-owned company engaged in sensitive national security research, The Oklahoman has confirmed.
Attorneys representing OSU and its Ponca City research company allege that some of the diverted funds were used to support an upscale dress shop on Oklahoma City's Classen Curve, while some other funds ended up in Cyprus offshore accounts.
OSU and its research company are attempting to recover the lost funds through a lawsuit filed last April in Kay County District Court.
The alleged victim of the schemes was OSU-Multispectral Laboratories (UML), a Ponca City-based limited liability company owned by the university that conducts sophisticated research involving drones and other devices for the benefit of U.S. defense, intelligence and homeland security agencies.
UML representatives said “no federal or state appropriated funds were involved” in the alleged fraud and there is no indication that any classified information or research was stolen through the schemes.
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