Department of Justice Seal


FOR IMMEDIATE RELEASE	CRM

FRIDAY, MARCH 13, 1998 (202) 514-2008

TDD (202) 514-1888

NOLANDA HILL AND KENNETH WHITE INDICTED

IN WASHINGTON, D.C.


WASHINGTON, D.C. -- A federal grand jury today returned an indictment charging Nolanda Sue Hill, 53, a Dallas, Texas businesswoman, and Kenneth Charles White, 49, a Maryland businessman, with,

conspiring to defraud the Internal Revenue Service (IRS) between 1990 and 1995,

conspiring to defraud the Federal Deposit Insurance Corporation (FDIC) between 1989 and 1993, and

aiding and assisting in the preparation of false federal income tax returns for Hill and Corridor Broadcasting Corporation, which did business in the Washington metropolitan area, for the tax years 1991-1993.

The indictment also charges White with making a false statement to the FDIC in 1992.

According to the indictment, Corridor owned and operated two television broadcast stations - Channel 50 in the District of Columbia metropolitan region, and Channel 27 in the Boston/Worcester, Massachusetts area - from the mid-1980s until 1993. Nolanda Sue Hill held a financial interest in, and was the chief executive officer of, Corridor during the period covered in the indictment. During the same period, Kenneth Charles White was Corridor's chief financial officer. The indictment charges that in the mid-1980s Corridor had borrowed a substantial sum from a Texas savings & loan institution that later failed, and that the FDIC took over the management of the loan. According to the indictment, the FDIC sold the note - which was collateralized by the assets of Corridor and the two television stations - at an auction in early 1993.

The indictment charges that Hill and White caused Corridor, and its successor, to pay for certain of Hill's personal living expenses, to pay the expenses of a company owned by Hill and another person, and to provide funds to this business associate. In the tax violations, the indictment also alleged that Hill and White aided and assisted in the presentation to the IRS of false and fraudulent federal income tax returns for Hill and for Corridor. The indictment also further names White alone for causing additional false statements to be made to the FDIC.

This case was investigated by the IRS, the FDIC and the FBI; and by the U.S. Department of Justice, Fraud Section, and the Tax Division.

An indictment is only a charge and is not evidence of guilt. The defendant is entitled to a fair trial at which it will be the government's burden to prove guilt beyond a reasonable doubt.

For further information, contact John Russell, U.S. Department of Justice, Office of Public Affairs at (202) 514-2008.

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