Non-profit owner provided federal grants to provide youth programs to students in Baltimore, Md.
He instead used the money to gamble at casinos, then fraudulently billed the feds for the 'services' he was providing to children.
Faked $534k in payroll.
#ButNothingsHappening
He instead used the money to gamble at casinos, then fraudulently billed the feds for the 'services' he was providing to children.
Faked $534k in payroll.
#ButNothingsHappening
https://twitter.com/USAO_MD/status/1484246562599579648
Sherrod lost approximately $547k at casinos, withdrawing more than $552 in cash from one casino's ATM.
Was he losing money on purpose to launder it through the casino?
Why would the withdraws & loses be almost identical otherwise?
Did he hand the chips to someone else who 'won'?
Was he losing money on purpose to launder it through the casino?
Why would the withdraws & loses be almost identical otherwise?
Did he hand the chips to someone else who 'won'?
Was someone at Maryland Dept of Education simply rubber stamping his invoices?
Or did they know not to look & challenge the fraudulent numbers?
Or did they know not to look & challenge the fraudulent numbers?
He also provided false information to his accountant to get them to help him evade taxes on the money. Concealing $148k from the IRS over 3 years...
The charges are very narrow, which may mean there is much more to find & DOJ is keeping it's cards close to the vest with his guilty plea. It looks like his corporation is actually a part of a larger company incorporated in NY. It's been around since 2007, long before this case.
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