Wednesday, April 17, 2024

Sentenced Reduced for David Lane

 The infamous David Luke Lane caught a break in federal court after U.S. District Judge Henry Wingate reduced his prison sentence.  Judge Wingate's April 16 order states: 


Lane was serving a 51-month prison sentence for bank fraud after he embezzled more than $2 million from Homeowner's associations he managed in the Jackson metro area.  

Synopsis of Case

David Lane and his son David, operated Ridgway Lane.  The realty company managed homeowners associations.  Unfortunately for the HOA's and their members, Lane embezzled more than $2 million from their accounts.   

Lane waived indictment and agreed to a bill of information on November 8, 2021 and pleaded guilty to bank fraud.  The bill states Lane embezzled funds and provided phony account statements.  Several HOA's stated in civil lawsuits that Lane refused to provide copies of bank statements.  The HOA's could not even access their own accounts nor get bank statements as Lane often limited access to himself.  

The younger David Lane was not prosecuted although he is a defendant in several HOA lawsuits.  The HOA lawsuits are all pending.  Community Bank was named as a defendant in many of the lawsuits.  The bank filed motions to enforce arbitration agreements in November.  Lane apparently signed the agreements as he maintained the accounts.  Nothing has been filed in any of the lawsuits since November.  Circuit Judge Dewey Arthur approved the motions.  

Community Bank apparently has been dismissed from the lawsuits.  There are several orders stating the bank was dismissed after a settlement was reached with various parties.  Several more orders are sealed.  

Attorney Merrida Coxwell represents Lane.   

The victims  and the amounts embezzled (based on civil lawsuits) are: 

Bridgewater 2: $343,938
Bridgewater: Over 500,000
Dinsmor: $217,782
Barrington: Hundreds of thousands of dollars (An estimate of $200,000 will be used in the total as a minimum).
Bruenburg: $188,330
Oakhurst:  $168,000
Diplomat: $28,000
Palisades: $87,000
Eastbrooke: Over $500,000

Timbers: Over $90,000 


18 comments:

Anonymous said...



In my next life I want to be a HOA manager in MS.

Apparently the state does not indict for this-

Steve said...

Real crooks work with a pen.

Anonymous said...

Steal a pair of socks at Target and you are a thing.
Steal millions of dollars and you ate a white collar criminal!

Anonymous said...

That money was tax free for the embezellers..

Anonymous said...

Your honor, motion to fix.

Anonymous said...

Still a felon tho

Anonymous said...

Embarrassing. I thought he was supposedly dying of cancer. Has he even started serving his original blessing of a sentence?

Anonymous said...

Where is the money?

anonymous said...

all of the above listed homeowners associations were set up as NOT FOR PROFIT CORPORATIONS.

NFPC are subject to very little financial oversight and are therefore a dream opportunity for embezzlers.

there are some former HOA board members out at the reservoir who soon will be schooled.

just like mr lane.

Anonymous said...

F this guy, and his kid. This was planned. They got my neighborhood too and it’s not one of the listed ones. I’m not 100% sure they weren’t in on it with the developer(s).

Anonymous said...

this is an old man who offered himself up as a sacrificial lamb to get his son off the hook.

his son must be a real punk ass POS.

Anonymous said...

They were such JERKS - speaking in condescending ways at the HOA meetings - and acting like they were superior. Knowing all along they were robbing homeowners of their money! Let their A$$e$ rot in jail!!!

Anonymous said...

I moved out of an HOA in Brandon because of the HOA. My new neighborhood has no HOA. The result? Nice neighborhood, better kept homes, yards manicured, no letters left on cars or the front door and no Barney Fifes patrolling their neighbors like the venomous paranoid policing done by people during pandemic.
HOAs are useless. I don't care if you say they help keep property values and the neighborhood looking nice, blah blah blah. I found that to be complete BS.
HOAs just give controlling Karens a throne to sit on and pit neighbors against each other. The management companies are hired to enforce their dues at threat of legal action or leans against your home. (Of course I signed paperwork agreeing to participate - but never again).
I also found enforcement to be selective. What one homeowner gets penalized for, another homeowner will be overlooked.
I would love to see them outlawed just to watch the Karens gnash their teeth.

Anonymous said...

@8:07am - preach

Anonymous said...

Nobody gets punished for white collar crime…no matter the amount. If you try to sue in a civil case the lawyers are the ones who get all the money!!! People with influence and money get away with anything!!!

Anonymous said...

HOA’s are fine. Serving on a HOA Board is risky mainly because financial records, contracts with venders & other responsibilities are so often poorly maintained.

Anonymous said...

HOA BOARD in Palisades let him do what he wanted. We never got an apology from them. They got dethroned and still mad about it

Pappy Odaniel said...

What is worse than this are the defunct Public Improvement Districts that never upheld their end of the bargain, never delivered the infrastructure they promised, nor the development but continue to collect taxes to cover their private debt. When you hear “innovation districts” and “public-private” partnerships. RUN!!!!


Recent Comments

Search Jackson Jambalaya

Subscribe to JJ's Youtube channel

Archives

Trollfest '09

Trollfest '07 was such a success that Jackson Jambalaya will once again host Trollfest '09. Catch this great event which will leave NE Jackson & Fondren in flames. Othor Cain and his band, The Black Power Structure headline the night while Sonjay Poontang returns for an encore performance. Former Frank Melton bodyguard Marcus Wright makes his premier appearance at Trollfest singing "I'm a Sweet Transvestite" from "The Rocky Horror Picture Show." Kamikaze will sing his new hit, “How I sold out to da Man.” Robbie Bell again performs: “Mamas, don't let your babies grow up to be Bells” and “Any friend of Ed Peters is a friend of mine”. After the show, Ms. Bell will autograph copies of her mug shot photos. In a salute to “Dancing with the Stars”, Ms. Bell and Hinds County District Attorney Robert Smith will dance the Wango Tango.

Wrestling returns, except this time it will be a Battle Royal with Othor Cain, Ben Allen, Kim Wade, Haley Fisackerly, Alan Lange, and “Big Cat” Donna Ladd all in the ring at the same time. The Battle Royal will be in a steel cage, no time limit, no referee, and the losers must leave town. Marshand Crisler will be the honorary referee (as it gives him a title without actually having to do anything).


Meet KIM Waaaaaade at the Entergy Tent. For five pesos, Kim will sell you a chance to win a deed to a crack house on Ridgeway Street stuffed in the Howard Industries pinata. Don't worry if the pinata is beaten to shreds, as Mr. Wade has Jose, Emmanuel, and Carlos, all illegal immigrants, available as replacements for the it. Upon leaving the Entergy tent, fig leaves will be available in case Entergy literally takes everything you have as part of its Trollfest ticket price adjustment charge.

Donna Ladd of The Jackson Free Press will give several classes on learning how to write. Smearing, writing without factchecking, and reporting only one side of a story will be covered. A donation to pay their taxes will be accepted and she will be signing copies of their former federal tax liens. Ms. Ladd will give a dramatic reading of her two award-winning essays (They received The Jackson Free Press "Best Of" awards.) "Why everything is always about me" and "Why I cover murders better than anyone else in Jackson".

In the spirit of helping those who are less fortunate, Trollfest '09 adopts a cause for which a portion of the proceeds and donations will be donated: Keeping Frank Melton in his home. The “Keep Frank Melton From Being Homeless” booth will sell chances for five dollars to pin the tail on the jackass. John Reeves has graciously volunteered to be the jackass for this honorable excursion into saving Frank's ass. What's an ass between two friends after all? If Mr. Reeves is unable to um, perform, Speaker Billy McCoy has also volunteered as when the word “jackass” was mentioned he immediately ran as fast as he could to sign up.


In order to help clean up the legal profession, Adam Kilgore of the Mississippi Bar will be giving away free, round-trip plane tickets to the North Pole where they keep their bar complaint forms (which are NOT available online). If you don't want to go to the North Pole, you can enjoy Brant Brantley's (of the Mississippi Commission on Judicial Performance) free guided tours of the quicksand field over by High Street where all complaints against judges disappear. If for some reason you are unable to control yourself, never fear; Judge Houston Patton will operate his jail where no lawyers are needed or allowed as you just sit there for minutes... hours.... months...years until he decides he is tired of you sitting in his jail. Do not think Judge Patton is a bad judge however as he plans to serve free Mad Dog 20/20 to all inmates.

Trollfest '09 is a pet-friendly event as well. Feel free to bring your dog with you and do not worry if your pet gets hungry, as employees of the Jackson Zoo will be on hand to provide some of their animals as food when it gets to be feeding time for your little loved one.

Relax at the Fox News Tent. Since there are only three blonde reporters in Jackson (being blonde is a requirement for working at Fox News), Megan and Kathryn from WAPT and Wendy from WLBT will be on loan to Fox. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both and a torn-up Obama yard sign will entitle you to free drinks served by Megan, Wendy, and Kathryn. Get your tickets now. Since this is an event for trolls, no ID is required. Just bring the hate. Bring the family, Trollfest '09 is for EVERYONE!!!

This is definitely a Beaver production.


Note: Security provided by INS.

Trollfest '07

Jackson Jambalaya is the home of Trollfest '07. Catch this great event which promises to leave NE Jackson & Fondren in flames. Sonjay Poontang and his band headline the night with a special steel cage, no time limit "loser must leave town" bout between Alan Lange and "Big Cat"Donna Ladd following afterwards. Kamikaze will perform his new song F*** Bush, he's still a _____. Did I mention there was no referee? Dr. Heddy Matthias and Lori Gregory will face off in the undercard dueling with dangling participles and other um, devices. Robbie Bell will perform Her two latest songs: My Best Friends are in the Media and Mama's, Don't Let Your Babies Grow up to be George Bell. Sid Salter of The Clarion-Ledger will host "Pin the Tail on the Trial Lawyer", sponsored by State Farm.

There will be a hugging booth where in exchange for your young son, Frank Melton will give you a loooong hug. Trollfest will have a dunking booth where Muhammed the terrorist will curse you to Allah as you try to hit a target that will drop him into a vat of pig grease. However, in the true spirit of Separate But Equal, Don Imus and someone from NE Jackson will also sit in the dunking booth for an equal amount of time. Tom Head will give a reading for two hours on why he can't figure out who the hell he is. Cliff Cargill will give lessons with his .80 caliber desert eagle, using Frank Melton photos as targets. Tackleberry will be on hand for an autograph session. KIM Waaaaaade will be passing out free titles and deeds to crackhouses formerly owned by The Wood Street Players.

If you get tired come relax at the Fox News Tent. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both will entitle you to free drinks.Get your tickets now. Since this is an event for trolls, no ID is required, just bring the hate. Bring the family, Trollfest '07 is for EVERYONE!!!

This is definitely a Beaver production.

Note: Security provided by INS
.