Everett C. Williams, 48, Corpus Christi, Texas was indicted on additional charges of wire fraud and money laundering.
Williams was originally indicted in May 2008 and charged in a 15-count indictment with mail and wire fraud and money laundering. Following the announcement of that original indictment, the US Attorney’s office, the FBI and the Internal Revenue Service (IRS) received calls from others claiming to have been defrauded by Williams. The superseding indictment is a result of the investigation conducted into the new allegations.
With the additional charges – four wire fraud and four money laundering charges – the 23-count superseding indictment, which also incorporates the original charges, Williams stands accused of four counts of mail fraud, five counts of wire fraud and 14 counts of money laundering. According to the indictment, from April 2003 until August 2004, Williams allegedly made fraudulent representations and statements to two victims in an effort to defraud them of money. He allegedly falsely promised the first victim he would clear her credit history, assist her in the purchase of a residence and invest as partners into real property in Corpus Christi, Texas causing the victim to send more than $400,000 by private commercial interstate carriers and interstate wire transfers to Williams to fund these goals. Williams allegedly falsely represented to a second victim that she would share in several local real estate projects causing the second victim to send more than $140,000 to Williams via numerous electronic wire transfers. Williams is alleged to have used both victims’ monies for other purposes without the consent or knowledge of either victim.
If convicted of these offenses, Williams faces a maximum of 20 years in federal prison, without parole, as to each count of mail and wire fraud and money laundering counts 10-19. Money laundering counts 20-23 each carry up to a 10-year maximum term of imprisonment. In addition, each fraud count carries a potential $250,000 fine and each money laundering count carries a potential $500,000 fine or twice the value of the financial transaction, whichever is greater.
Following his arrest on the original indictment, Williams was released on a $50,000 bond after depositing $5,000 into the registry of the court. The court is expected to issue a summons directing Williams to appear for arraignment on a date to be set by the court in the near future and is expected to remain on the same bond pending trial of this case.
The investigation was conducted by the IRS and the FBI. Assistant United States Attorney Kenneth A. Cusick is prosecuting the case.