Owasso title company owner enters plea in money laundering case

The owner of a defunct Owasso title company pleaded guilty Friday to fraud and money laundering charges in connection with a scheme that involved the theft of mortgage settlement funds and unauthorized use of a credit card.

Regina Fran Webb, owner of Owasso Title LLC and Owasso Real Estate Services, entered guilty pleas to the two counts before Chief U.S. District Judge Gregory Frizzell in Tulsa federal court.

Webb, 57, was indicted Feb. 3 by a grand jury on 23 counts that included charges of financial institution fraud, money laundering, unauthorized use of a credit card and aggravated identity theft with alleged losses totaling over $800,000.

The indictment was unsealed June 21, at which time a superseding indictment filed June 7, which added five counts of bankruptcy fraud, was also made public.

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