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Former Arkansas Clinic CFO Sentenced to 24 Months for Wire Fraud

Former CFO Angela M. Hoover was sentenced to 24 months in federal prison and ordered to pay $540,599 in restitution after pleading guilty to wire fraud.
From TheFinanceBase Team2 min to read
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Former CFO Angela M. Hoover was sentenced to 24 months in federal prison, followed by one year of supervised release, and ordered to pay $540,599 in restitution, the U.S. Attorney’s Office for the Eastern District of Arkansas announced October 1, 2026. Hoover, 46, had pleaded guilty to one count of wire fraud.

What was Hoover sentenced to?

U.S. District Judge D. P. Marshall, Jr. imposed a 24-month federal prison sentence and one year of supervised release. The court also ordered Hoover to pay $540,599 in restitution, the amount the Justice Department identifies as the clinic’s total loss. The U.S. Attorney’s Office notes that there is no parole in the federal system.

The sentencing announcement came October 1, 2026. Hoover pleaded guilty on May 13, 2026, to one count of wire fraud, according to the U.S. Attorney’s Office for the Eastern District of Arkansas.

What did prosecutors say she did?

The Justice Department said Hoover had access to the medical clinic’s bank accounts as its CFO. Its release describes three categories of unauthorized activity: transfers used to pay personal credit-card bills, transfers to Hoover’s personal account, and a bonus.

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  • Approximately 136 transfers totaling $271,041.42 were used to pay her personal credit card.
  • Approximately 166 transfers totaling about $372,329 went to her personal account.
  • She also received a $5,000 unauthorized bonus.

The Justice Department’s release states that the clinic’s total loss was $540,599. The listed category amounts do not arithmetically reconcile with that total; the itemized figures above are reported as the release gives them and should not be added together as a revised loss estimate.

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What did the defense ask for, and what had reportedly been repaid?

In reporting published October 5, 2026, CFO Dive identified the employer as Arkansas Pediatric Clinic; the Justice Department’s release describes it only as a Central Arkansas medical clinic. CFO Dive also reported that Hoover surrendered her CPA license.

CFO Dive said a September sentencing memorandum from Hoover’s attorney reported that $440,599 had already been paid toward restitution. The defense asked for probation with strict home confinement, or a short prison term followed by supervised release and home confinement. Those were defense positions, not the sentence the court imposed. The reported payment figure comes from CFO Dive’s account of the memorandum, rather than the Justice Department sentencing announcement.

Hoover’s attorney, Brian Kuester, wrote in the memorandum, as quoted by CFO Dive: “Ms. Hoover recognizes the seriousness of her offense. She does not minimize the harm caused to Arkansas Pediatric Clinic, its physicians, employees, and the families it serves.” He also wrote: “Arkansas Pediatric Clinic suffered real financial harm. Ms. Hoover has taken concrete steps to repair that harm.” These statements describe the defense’s position.

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Source: Danielle McLean, CFO Dive, October 5, 2026.

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