Monday, April 30, 2012

Tennessee Man Sentenced For Embezzling $216K From Local Housing Authority

David Royce Ford, 35, of Ripley, Tennessee, has been sentenced to 2 years in prison for embezzling some $216,000 from the Ripley Housing Authority where he had previously served as executive director.  According to authorities, over at least a one year period, beginning in January 2009 and continuing until 2010, Ford made numerous unauthorized purchases and withdrawals from the agency's checking account for his own benefit that included payments to buy a motorcycle and a Ford F150 pickup truck.  He is also accused of failing to report about $50,000 in additional income for tax purposes.  Ford pleaded guilty to tax evasion and money laundering in January 2012.

Read the story here and here.

Read the DOJ announcement of his guilty plea here.

Hat tip: FraudTalk reader Joe.

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