TULSA, OK—The second executive of a property development company was sentenced on Thursday for conspiring to defraud $1,176,490.60 from IBC Bank, announced United States Attorney Danny C. Williams Sr. of the Northern District of Oklahoma.

Robert Alan Blaksley, of Owasso, the former Chief Executive Officer of Group Blaksley, LLC, was sentenced to serve 14 months in prison. United States District Court Chief Judge Gregory K. Frizzell also ordered Blaksley to pay $1,176,490.60. Blaksley pleaded guilty on May 8, 2015, and was charged on August 13, 2014.

According to court documents, from June 2007 to July 2008, Blaksley and co-defendant, Bruce Carlton Wright, of Norman, conspired to submit fraudulent invoices to the IBC Bank for work that was not performed on a Bentonville, Arkansas property. Following an 8-day jury trial, on May 28, 2015, Wright was convicted of conspiracy and 11-counts of bank fraud. On September 8, 2015, Wright was sentenced to 33 months for his role in the bank fraud scheme.

The Federal Bureau of Investigation handled the case; and Assistant U.S. Attorneys Joel-Lyn A. McCormick and Catherine Depew prosecuted the case.