Local real estate agent indicted for alleged embezzlement

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A local real estate agent accused of embezzling more than $30,000 from a former employer was indicted Wednesday by a Bowie County grand jury.

Reena Corbin, 34, is facing a charge of theft of property, $30,000 to $150,000, for allegedly embezzling funds from her former employer, Coldwell Banker Elite, in Texarkana, Texas. The third degree felony is punishable by two to ten years in prison.

Staff at Coldwell Banker identified seven property transactions allegedly mishandled by Corbin that resulted in her receiving money she was not entitled to have, according to a probable cause affidavit. Coldwell hired Corbin in January 2015 as a salaried employee who was eligible to receive bonuses but not commission.
Corbin allegedly diverted $31,380 in funds to herself between October 2016 and December 2016. The company’s owner told investigators the transactions including diverted funds were altered or omitted entirely from the business accounting system in an effort to conceal the alleged theft. Corbin allegedly claimed she was paid the money in error and created a fictitious wire transfer receipt showing she had paid the money back.

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“It was later determined Corbin diverted the money to herself,” the affidavit states. The Texarkana office of Re/Max Preferred website currently shows Corbin is an associate with that company.

Corbin is currently free on bond.

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