Ex-GM gets just over 5 years for fraud

Staff Report
The Associated Press

LUBBOCK, Texas (AP) - The former general manager of a West Texas wool company was sentenced to just over five years in prison for swindling his employer out of about $2 million.

Donovan Frank Laughlin pleaded guilty in May to misappropriating more than $2 million, according to a release from the U.S. Attorney's Office on Thursday. He was sentenced to 63 months last week.

U.S. District Judge Sam Cummings also ordered Laughlin, 60, to pay just over $2 million in restitution. He must surrender to prison authorities November 16.

Laughlin, formerly of Wool Growers Central Storage Company, was once named the citizen of the year in Ozona.