On Friday, Robert Troester, the U.S. attorney for the Western District of Oklahoma, announced the plea deal, which must be approved by U.S. District Judge Patrick Wyrick.

Linnartz, who will continue to manage the acquired entities, agreed to sell a 50.5-percent stake in Mustang Capital and 51 percent of the management arm in exchange for $300,000 in cash and ...

Weinrich worked for the Mustang district from 1997 to 2008 before taking another job. Prosecutors said Weinrich returned to work for the Mustang school district in 2014. They said she was promoted ...