Friday, January 14, 2011
Department of Justice
United States Attorney William C. Killian Eastern District of Tennessee
NEW MARKET MAN ARRESTED FOR WIRE FRAUD AND MONEY LAUNDERING
KNOXVILLE, Tenn.— Cameron J. Potter, 39, of New Market, Tenn., was arrested today by agents of the U.S. Department of Energy, Office of the Inspector General (DOE-OIG) on charges involving wire fraud and money laundering.
An initial appearance was held this afternoon in U.S. District Court in Knoxville before the Honorable C. Clifford Shirley, U.S. Magistrate Judge. Potter entered a plea of not guilty to all charges. A trial has been set before the Honorable Thomas Phillips, U.S. District Judge, for March 23, 2010.
The indictment alleges that Potter was formerly employed as the Chief Financial Officer for Southern Alliance for Clean Energy in Knoxville, Tennessee (“SACE”), a recipient of funding from the U.S. Department of Energy. While employed at SACE, Potter allegedly engaged in a scheme through which he embezzled more than $147,800 of his former employer’s funds for his personal use. The indictment further alleges that Potter knowingly engaged in numerous monetary transactions with the funds that he had embezzled.
The arrest is the result of an investigation by the U.S. Department of Energy, Office of the Inspector General. Assistant U.S. Attorney Frank M. Dale, Jr. is representing the United States.
Members of the public are reminded that these are only charges and that every person is presumed innocent until their guilt has been proven beyond a reasonable doubt.