Acting U.S. Attorney Harold Brittain issued the following statement.
Former Certified Public Accountant Pleads Guilty to Conspiracy
Jackson, Miss. – Kayla Paul Lindsey, 48, of Rankin County, Mississippi, entered a guilty plea todayin U.S. District Court to conspiracy to make false statements to defraud the Federal Home Loan Bank of Dallas, announced Acting U.S. Attorney Harold Brittain.
Lindsey is a former Certified Public Accountant who has been practicing in the Jackson area. Her co-conspirator, Marlene Solomon Williams, also of Rankin County, previously entered a guilty plea to the conspiracy charge and is awaiting sentencing.
The investigation in this case revealed that Lindsey and Williams administered a grant from the Federal Home Loan Bank of Dallas that was intended to provide home repairs for low- to moderate-income households. In pleading guilty, Lindsey and Williams admitted they hired contractors to perform repairs under the grant, and instructed the contractors to inflate their invoices by 20%, which was kicked back to Lindsey and Williams. The fraudulently inflated invoices were submitted to the Federal Home Loan Bank of Dallas through its local member institution,
Trustmark Bank. Lindsey and Williams were paid over $186,000 in kickbacks generated by the fraudulent invoices during the course of the conspiracy.
“Today’s guilty plea is evidence that those who choose to participate in fraudulent schemes in an effort to steal from grant programs intended to help homeowners will be brought to justice,” said Special Agent in Charge Timothy Mowery with the Federal Housing Finance Agency Office of Inspector General. “The FHFA OIG, together with our law enforcement partners, will vigorously investigate allegations of fraud and will ensure that those who engage in such acts will be held accountable.”
Lindsey will be sentenced by U.S. District Judge Tom S. Lee on June 29, 2017, and she faces a maximum penalty of five years in prison and a $250,000 fine. Both defendants will be required to repay all of the illegal proceeds as mandatory restitution in this case.
The case is being prosecuted by Assistant United States Attorney Dave Fulcher. It was investigated by the Federal Housing Finance Agency Office of the Inspector General, the Federal Bureau of Investigation, USDA Office of Inspector General, and the Mississippi Attorney General’s Office.
6 comments:
This type crime goes on every day in private and government transactions. Look at all the money that was flowing after Katrina. Some of our well known politicians should never have to work again.
You "BOYS" know what you have done.
Dave Fulcher is as good as they come---keep up the good work and maybe one day you will get the "Top Dog" on the porch.
As far as similar crimes of this type, what is the expected/normal time she will serve in prison?
As far as similar crimes of this type, what is the expected/normal time she will serve in prison?
Usually five years, but if you are a pretty woman that will be friendly with the right people then no prison at all. They will be lined up pulling strings on her behalf. I could go on and on but it has already started.
I think I got censored yesterday. My comment was spot on. Here it is again. The AA's have been getting farm loans to build homes on family land for about 8 years. Go figure. As long as a relative can sign over just enough land to allow them to build a house they can get a farm loan from the USDA settlement to do this. I have 2 employees who have done this and they laugh about it. It was a civil lawsuit the black farmers brought against the USDA for not being able to obtain farm loans in the 70's and 80's so the government decided they would quietly do this program. Drive through Hinds and Madison county and you will see what I'm talking about, and all of it consists of family members on land (40 acre tracts, go figure) and all they have to do is raise 1 farm animal and they are considered a farm with very very low interest rates, the down payment is provided to them with little to no closing costs. Many of the downpayments are used to purchase vehicles. There is no oversight to this program!
Some of these homes are 5,000 to 6,000 sf and sometimes more. Some even have multiple families living under the same roof. Talk about wasteful spending. Obama was giving away money left and right. It's almost as though there are two different governments in this country.
And what exactly does this have to do with the subject of the post?
She was sentenced today. Any news on how long, restitution?
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