Carroll Fisher, former Oklahoma insurance commissioner, was behind bars today following his conviction by an Oklahoma City jury Wednesday of one count each of embezzlement and perjury.
Bail was denied Mr. Fisher, 66, and he was taken into custody immediately after the verdict.
The jury recommended he receive a one-year prison term and $10,000 fine on the embezzlement count, and a two-year prison term and $10,000 fine on the perjury charge.
During the trial, state prosecutors presented evidence that Mr. Fisher embezzled his own state campaign funds when he deposited a $1,000 campaign check into his overdrawn personal banking account in May 2003. He is accused of perjury for never disclosing the contribution on his state campaign reports.
Mr. Fisher argued that he planned to use the money to test the waters for a 2004 U.S. Senate campaign.
The money came from the owner of a Mississippi insurance company who gave conflicting testimony in the case.
The case is the first of five criminal cases against the former regulator to go to trial. He also faces other criminal charges including bribery, filing a false income tax return, failure to turn over money to the state, and failure to report charitable contributions. Trial dates have not been set in those cases.
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