Connect with us

Hi, what are you looking for?

Crime & Safety

Georgia Man Pleads Guilty to Stealing Millions from School District

In Del Rio, Texas this week, a Georgia man named Donald Ray Lockard admitted to stealing over $2 million from the San Felipe Del Rio Consolidated Independent School District, according to U.S. Attorney Ashley C. Hoff and FBI Special Agent in Charge Christopher Combs, San Antonio Field Office. 

Advertisements

Appearing before U.S. District Judge Alia Moses, the 66-year-old Douglasville, Georgia resident pleaded guilty to one count of conspiracy to commit wire fraud.  By pleading guilty, Lockard admitted that while doing business as DL Investments from August 2019 to February 2020, he stole school district funds and used them for his own personal benefit. According to court records, unknown co-conspirators sent fraudulent emails to the school district’s comptroller claiming to be representatives of the financial institution to which the school district made bi-annual bond payments.  Those fraudulent emails resulted in the diversion of the school district’s bond payments to a different financial account established and controlled by Lockard.  Three separate fraudulent wire transfers to Lockard’s account on February 12, 2020, totaled $2,013,762.50. 

Advertisements

During this investigation, federal authorities seized over $1.8 million from the defendant’s bank accounts.  Lockard has agreed to forfeit those funds and pay a monetary judgment for the remaining amount derived from his scheme that was not recovered by the government.

Lockard, who remains on bond, faces up to 20 years in federal prison.  Sentencing has yet to be scheduled. 

The FBI is conducting this ongoing investigation.  Assistant U.S. Attorney Joshua Banister is prosecuting this case.

The Georgia Virtue
Written By

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You May Also Like

South Georgia Crime & Safety

A three-time convicted felon who held himself out as a pastor, mortician, restaurateur, and tax preparer has admitted lying to receive COVID-19 small business...

Bulloch Local News

A jury returned a verdict this week for two of four individuals charged in the 2020 murder of Morice Shiggs. This week’s trial was...

Bulloch Local News

Jaycee Sanchez is the most recent recipient of the $2,500 Marion C. Hulsey and Terri Bell Hulsey Scholarship. Sanchez is a 2022 honor graduate...

National Politics

Ahead of Constitution Day, Georgia Congresswoman Nikema Williams used Constitution Day this year to call for the immediate passage of the Abolition Amendment. The amendment...

Copyright © 2022 ... JustSun LLC.

NEVER MISS A STORY!
Sign Up For Our  Newsletter
Get the latest headlines and stories - and even exclusive content!- sent right to your inbox.
Stay Updated
Give it a try, you can unsubscribe anytime.
close-link