A former executive with Arkansas Pediatric Clinic has plead guilty to federal wire fraud charges after admitting to stealing hundreds of thousands of dollars from the company.
According to federal court records, Angela M. Hoover waived indictment and pleaded guilty May 13 to one count of wire fraud.
Prosecutors said Hoover began transferring money from company accounts into her personal account in June 2021 while serving as the clinics chief financial officer.
Authorities said Hoover worked for the clinic beginning in 2019 before being promoted to CFO in 2020.
Court documents state Hoover made approximately 166 wire transfers totaling more than $372,000 between June 2021 and June 2024. Prosecutors also said she used company funds to pay an American Express credit card through an additional 136 transfers totaling more than $271,000.
Investigators said the thefts began after Hoover was authorized to receive two COVID-related bonus payments totaling $5,000 before later paying herself another unauthorized $5,000 bonus.
Hoover has agreed to pay $540,000 in restitution. Officials said she already paid more than $440,000 and still owes approximately $100,000.
She faces up to 20 years in federal prison, a fine of up to $250,000 and up to three years of supervised release when sentenced later by U.S. District Judge D. P. Marshall Jr..
According to court filings, Hoover stepped down as CFO in June 2024 and later worked part-time as a bookkeeper before being fired the following month.
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