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>>

  • BREAKING

    Vermilion school board president resigning

    Vermilion school board president resigning

    Friday, January 19 2018 2:19 PM EST2018-01-19 19:19:32 GMT
    Vermilion school board President Anthony Fontana is resigning. (Source: KATC)Vermilion school board President Anthony Fontana is resigning. (Source: KATC)
    The president of the Vermilion Parish School Board is resigning. Anthony Fontana Jr. made the announcement Friday, less than two weeks after the arrest of a Vermilion Parish teacher at a school board meeting made national news. Deyshia Hargrave, an English teacher at Rene Rost Middle School, questioned board members about a pay raise for Superintendent Jerome Puyau. Fontana ruled her out of order, saying she was asking questions during a part of the meeting that was for public ...More >>
    The president of the Vermilion Parish School Board is resigning. Anthony Fontana Jr. made the announcement Friday, less than two weeks after the arrest of a Vermilion Parish teacher at a school board meeting made national news. Deyshia Hargrave, an English teacher at Rene Rost Middle School, questioned board members about a pay raise for Superintendent Jerome Puyau. Fontana ruled her out of order, saying she was asking questions during a part of the meeting that was for public ...More >>
  • BREAKING

    Kinder water will shut off at 7 p.m., residents asked to conserve water

    Kinder water will shut off at 7 p.m., residents asked to conserve water

    Friday, January 19 2018 12:07 PM EST2018-01-19 17:07:37 GMT
    (Source: KPLC)(Source: KPLC)

    The Town of Kinder will turn off the water from 7 p.m. until 5 a.m. again tonight.

    More >>

    The Town of Kinder will turn off the water from 7 p.m. until 5 a.m. again tonight.

    More >>
  • No injuries in Lake Charles house fire

    No injuries in Lake Charles house fire

    Friday, January 19 2018 11:51 AM EST2018-01-19 16:51:58 GMT

    Lake Charles police responded to a home fire located on the 600 block of V. E. Washington Ave. around 2:00 a.m. Friday.  According to Lake Charles District Chief Kenny Larocca, no one was inside the home when the fire started.  LCPD operated a search and rescue to clear the home.  The cause of the fire has not been determined at this moment.  Copyright 2018 KPLC. All rights reserved.

    More >>

    Lake Charles police responded to a home fire located on the 600 block of V. E. Washington Ave. around 2:00 a.m. Friday.  According to Lake Charles District Chief Kenny Larocca, no one was inside the home when the fire started.  LCPD operated a search and rescue to clear the home.  The cause of the fire has not been determined at this moment.  Copyright 2018 KPLC. All rights reserved.

    More >>
Powered by Frankly