TULSA – A Tulsa man has been indicted in federal court on defrauding a Grand Lake developer of over three-quarters of a million dollars.

Jody Douglas Davis, 33, is indicted in United States Federal Court in Tulsa with money laundering and wire fraud.

He is accused of defrauding his employers, Newsong, Windsong and Buyer’s Assistance, of more than $785,000 between August 2003 and February 2005, according to a prepared statement released by the U.S. Attorney’s office.  

Newsong is a Grove church, while Windsong Marketing and Buyer's Assistance are Tulsa companies owned by Grove developer Gayle Towry.

The program was set up for Windsong and Buyer’s Assistance to help low-income homebuyers and for the church to receive a small percentage from those proceeds.

Steve Dyer, Newsong pastor said all monies Davis is accused of embezzling were from the two businesses, not the church.

Davis is accused of telling clients to wire funds for payments into a business account he set up at a bank in Pryor.

The indictment alleges Davis used these funds to purchase vehicles, real estate, personal watercraft, ATVs, jewelry and to pay his debts. 

The indictment includes notice of the government’s intent to forfeit the proceeds of the alleged wire fraud and money laundering offenses.

Sheila Stogsdill can be reached at sheilastogsdill@sbcglobal.net or at (918) 787-9581.