RUSO Regent to Face Indictment
Terry Matlock is a regent for the Regional University of Oklahoma. Matlock indicted on multiple counts last Thursday. [PHOTO PROVIDED]
Charges were announced last Thursday for a member of the University of Central Oklahoma’s governing board after he allegedly embezzled funds for personal use from the Choctaw Electric Cooperative.
Terry Matlock, 53, of Garvin, is currently a regent for the Regional University Systems of Oklahoma and former state representative and is being indicted by the fifteenth Oklahoma Multi county Grand Jury after 18-months of investigations on possible crimes committed the state.
The charges came after he served as the CEO for the electric cooperative from 2002 until 2014, all charges are related to his time while there and are expected to be delivered this next week.
He was indicted on nine felony counts of embezzlement, two misdemeanor counts of embezzlement, and one felony count of engaging in a pattern of criminal offenses, according to court records.
Matlock could face up to 51 years in prison and fines exceeding$70,000 for all counts, if he is charged by the courts.
“Over the past 18 months, this group of jurors has conducted exhaustive investigations and ensured Oklahoma laws are enforced,” Scott Pruitt said in a statement, Oklahoma Attorney General.
The indictment states that Matlock used company employees and equipment to work on his personal property, which occurred in Choctaw and McCurtian County between 2008 and 2014.
The allegations also state that he instructed an employee to refurbish his 1980 Ford Bronco, using a company credit card and employee for purchasing parts between 2008 and 2009.
In 2009 he approved the Ford Bronco to be worked on by a body shop in Hugo, Okla, totally over $3,200.
The parts and repairs for the Bronco totaled over $5,700 and occurred over several incidents, though the indictment said he willing approved and knew about each incident.
Matlock approved a company check for $67,444.59 to buy two John Deer tractors for personal use on Nov. 10, 2008. He is believed to have used the tractors for clearing brush on his personal property.
Matlock is also believed to have used the employees in separate occasions to clear brush and other tasks with a company John Deer bulldozer in 2014.
He was fired in 2014, once the investigations by the jury began, along with most of the co-op board members resigning as well.
“He is still a regent,” Sheridan McCaffree said, executive director for the Regional University Systems of Oklahoma. “It is an indictment, not a conviction.”
She said she will have to look over state statutes before any word is given on whether he will continue to be a regent.
The Regional University Systems of Oklahoma is the governing body over the six regional universities in the state that provides legal structure for collegiate level education, sets policies and evaluates progress of those colleges. There are currently nine regents.
Matlock was chosen as a distinguished alumni from Southeastern Oklahoma State University and is a deacon at the First Baptist Church in Valliant, Okla, according to his bio on the Regional University System’s website.
During his time as a Democratic state representative, he served LeFlore and McCurtain counties.
The Choctaw Electric Cooperation supplies power to the residents of Hugo, Okla. and was established in 1940.