Former manager of DeRidder ranch supply pleads guilty to wire fr - KPLC 7 News, Lake Charles, Louisiana

Former manager of DeRidder ranch supply pleads guilty to wire fraud

Lafayette, LA (KPLC) -

U.S. Attorney Stephanie A. Finley announced Thursday that the former manager for Beauregard Ranch and Tractor Supply, in DeRidder, pleaded guilty in federal court to wire fraud charges related to his embezzlement of funds associated with customer accounts.

According to a news release from Finley's office, 53-year-old Arnold Russell Williams, of Singer, along with his wife, Janet L. Williams, was charged in February of 2006 with conspiracy to commit wire fraud and aggravated identity theft.

Finley said Arnold Williams pleaded guilty Thursday to conspiracy to commit wire fraud.

Federal officials say as manager of Beauregard Ranch and Tractor Supply (BRATS), during Aug. 2, 2000 through Jan. 18, 2001, Arnold Williams, along with the assistance of his wife, Janet L. Williams, used customer account information to submit false electronic account information and invoices to Farm Plan Credit Financial (The Plan).

"Some of the BRATS customers used Farm Plan Credit accounts, which were provided by Farm Plan Credit Financial, as a means to make credit purchases for John Deere equipment. After Williams submitted the false information, The Plan would then reimburse BRATS directly by electronically wiring funds into the BRATS' bank account for the false credit charges that were submitted. When the customers received their billing statements, they contacted BRATS and were informed by Arnold Williams that they had been billed by mistake due to a computer error. BRATS customers told investigators that they did not order any of the items for which they were billed, did not ask for quotes or prices for any of the items, and did not receive any items for which their accounts were billed," Finley said in the release.

At sentencing, federal authorities say Williams faces a term of imprisonment of not more than five years, a fine of not more than $250,000, or both, and a term of supervised release of not more than three years.

Sentencing has been scheduled for Jan. 17, 2013.

The case was investigated by Federal Bureau of Investigation, Lake Charles Resident Agency, and is being prosecuted by Finley.

Copyright 2012 KPLC. All rights reserved.

  • More Local NewsNewsMore>>

  • WATCH LIVE ON 7NEWS SUNRISE: 1,400+ additional La. inmates to be released in November

    WATCH LIVE ON 7NEWS SUNRISE: 1,400+ additional La. inmates to be released in November

    Friday, October 20 2017 5:39 AM EDT2017-10-20 09:39:43 GMT
    (Source: KPLC)(Source: KPLC)

    Good Morning. Britney Glaser here with a look at what's coming up on 7News Sunrise.

    More >>

    Good Morning. Britney Glaser here with a look at what's coming up on 7News Sunrise.

    More >>
  • CPPJ acquires new Westlake overpass for free

    CPPJ acquires new Westlake overpass for free

    Friday, October 20 2017 12:07 AM EDT2017-10-20 04:07:45 GMT
    (Source: Maranda Whittington/KPLC)(Source: Maranda Whittington/KPLC)

    There's one fewer railroad crossing that drivers in Westlake have to avoid. The new overpass on Old Spanish Trail is officially complete, and not only will it benefit drivers but Calcasieu Parish as well. 

    More >>

    There's one fewer railroad crossing that drivers in Westlake have to avoid. The new overpass on Old Spanish Trail is officially complete, and not only will it benefit drivers but Calcasieu Parish as well. 

    More >>
  • TDL Week 8: DeRidder hosts Leesville in Game of the Week

    TDL Week 8: DeRidder hosts Leesville in Game of the Week

    Thursday, October 19 2017 6:08 PM EDT2017-10-19 22:08:39 GMT
    (Source: KPLC)(Source: KPLC)

    The Hooper Trophy is up for grabs tonight when DeRidder hosts Leesville in a District 3-4A matchup. The game should be a good one as both teams enter the Touchdown Live Game of the Week with only one loss. They're also leading the district. DeRidder (5-1, 1-0) has won four straight and is coming off a 35-20 win over Tioga (5-2, 1-1), a team that needs Leesville to win to get back in the district championship picture. Leesville (6-1, 2-0) won its first two district games. A win ove...

    More >>

    The Hooper Trophy is up for grabs tonight when DeRidder hosts Leesville in a District 3-4A matchup. The game should be a good one as both teams enter the Touchdown Live Game of the Week with only one loss. They're also leading the district. DeRidder (5-1, 1-0) has won four straight and is coming off a 35-20 win over Tioga (5-2, 1-1), a team that needs Leesville to win to get back in the district championship picture. Leesville (6-1, 2-0) won its first two district games. A win ove...

    More >>
Powered by Frankly