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El Paso woman admits diverting nearly $1 million

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July 24, 2008

EL PASO, Texas—An El Paso woman faces up to 20 years in prison and repaying nearly $1 million to an insurance company where she worked.

Prosecutors say 42-year-old Olivia Enriquez pleaded guilty to one count of wire fraud.

Sentencing is Oct. 7.

The U.S. Attorney's Office says Enriquez worked as an office manager and secretary at an insurance company in El Paso.

Investigators say Enriquez diverted money over a five-year period, including funds from MassMutual Financial Group's headquarters in Springfield, Mass.

The guilty plea by Enriquez was announced late Wednesday by federal authorities, who say she could be required to pay restitution topping $940,000, plus a maximum fine of $250,000.

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