Louisville Couple Charged With Embezzling More Than $1.1 Million From Episcopal Church Education Foundation
– Former foundation chairman accused of laundering money through his wife’s business
LOUISVILLE, Ky. – The former chairman of the Woodcock Foundation and former owner of DBM-Dental Direct of Louisville were charged in a three-count federal indictment, unsealed today in U.S. Magistrate Court, with wire fraud, interstate transportation of stolen property and money laundering totaling $1,142,500 announced David J. Hale, United States Attorney for the Western District of Kentucky.
According to the indictment, Charles Muir, age 60, of Louisville and his wife Diana Muir, age 58, of Louisville conspired to fraudulently obtain approximately $1,142,500 from the Woodcock Foundation by falsely representing that DBM-Dental Direct was entitled to investment payments, and over a four year period transferred money from a Foundation bank account to DBM-Dental Direct’s account and then withdrew funds at an ATM in Indiana including ATM casinos in Indiana. Specifically, the indictment alleges that between April 2007 and June 2011, Diana Muir and Charles Muir attempted to fraudulently characterize payments from the Woodcock Foundation to DBM as loans.
From April 2007 through June 2011, Charles Muir was the chairman of the Woodcock Foundation, a charitable organization associated with the Episcopal Church of Louisville, Kentucky. The Foundation provides college scholarships to qualifying students. During the same timeframe, Diana Muir owned and controlled DBM.
The Louisville couple appeared before Magistrate Judge Dave Whalin this morning and were released on a $25,000 bond and asked to not travel outside of the Western District of Kentucky.
If convicted at trial of the charges, Charles Muir and Diana Muir face up to a maximum 50 years in prison and a fine of up to $1,000,000.
Judge Whalin set a trial date on February 12, 2013 at 9:30am in United States District Court in Louisville.
This case is being prosecuted by Assistant United States Attorney Bryan Calhoun and was investigated by the United States Secret Service and the Criminal Investigation Division of the Internal Revenue Service.
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The indictment of a person by a Grand Jury is an accusation
only and that person is presumed innocent until and unless