Former Manager Pleads Guilty To Wire Fraud - KALB-TV News Channel 5 & CBS 2

Former Manager Pleads Guilty To Wire Fraud

Posted: Updated:

LAFAYETTE, La. - The former manager for Beauregard Ranch and Tractor Supply in DeRidder, La. pleaded guilty in federal court to wire fraud charges related to his embezzlement of funds associated with customer accounts.

According to the United States Attorney on Thursday, Arnold Russell Williams, 53, of Singer, La., along with his wife, Janet L. Williams, was charged in February 2006 with conspiracy to commit wire fraud and aggravated identity theft.

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

As manager of Beauregard Ranch & Tractor Supply (BRATS) from Aug. 2, 2000 to Jan. 18, 2001, Williams and his wife used customer account information to submit false electronic account information and invoices to Farm Plan Credit Financial (The Plan). Authorities say 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 reimburse BRATS directly by electronically wiring funds into the BRATS' bank account for the false credit charges that were submitted. According to police reports, when the customers received their billing statements, they contacted BRATS and were informed by 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.

At sentencing, 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. The sentencing is scheduled for Jan. 17, 2013.

  • Most Popular StoriesMost Popular StoriesMore>>

  • APD: Battery Arrest

    APD: Battery Arrest

    Wednesday, July 30 2014 11:47 AM EDT2014-07-30 15:47:43 GMT
    ALEXANDRIA, La. (KALB News Channel 5)-- On July 29 2014, an APD Officer on patrol was flagged down by passing motorist and advised of a stalled vehicle in the middle of the 5700 Block of Masonic Drive.More >>
    ALEXANDRIA, La. (KALB News Channel 5)-- On July 29 2014, an APD Officer on patrol was flagged down by passing motorist and advised of a stalled vehicle in the middle of the 5700 Block of Masonic Drive.More >>
  • Invest 93

    A Developing Tropical Disturbance

    A Developing Tropical Disturbance

    Wednesday, July 30 2014 10:37 AM EDT2014-07-30 14:37:40 GMT
    Wednesday, July 289:30amIn the Atlantic, Gulf of Mexico and Caribbean, there is One area that we are watching for possible development during the next 48 hours.Invest 93-L (Tropical Wave)A broad area of Low Pressure is located about 1100 miles East Southeast of the Windward Islands and is producing a large area of shower thunderstorm activity. This disturbance is associated with a Tropical Wave (embedded in the Monsoon trough) and has continued to slowly develop during the past couple of day...More >>
    Wednesday, July 289:30amIn the Atlantic, Gulf of Mexico and Caribbean, there is One area that we are watching for possible development during the next 48 hours.Invest 93-L (Tropical Wave)A broad area of Low Pressure is located about 1100 miles East Southeast of the Windward Islands and is producing a large area of shower thunderstorm activity. This disturbance is associated with a Tropical Wave (embedded in the Monsoon trough) and has continued to slowly develop during the past couple of day...More >>
  • Man arrested for attempted robbery of Pineville Bank

    Man arrested for attempted robbery of Pineville Bank

    Tuesday, July 29 2014 7:10 PM EDT2014-07-29 23:10:31 GMT
    PINEVILLE, La. (KALB News Channel 5) Pineville Police have arrested a man who attempted to rob Pelican State Credit Union in Pineville. More >>
    PINEVILLE, La. (KALB News Channel 5) Pineville Police have arrested a man who attempted to rob Pelican State Credit Union in Pineville. 
    More >>
Powered by WorldNow
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KALB. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.