News and Press Releases

FORMER EXECUTIVE DIRECTOR OF THE RIPLEY HOUSING AUTHORITY INDICTED
FOR EMBEZZLEMENT AND MONEY LAUNDERING

FOR IMMEDIATE RELEASE
June 16, 2011

Memphis, Tenn - David Royce Ford, age 31, of Ripley, Tennessee, was indicted by a federal grand jury
for embezzlement and money laundering, announced Edward L. Stanton, III, United States Attorney for
the Western District of Tennessee.

According to the four-count indictment, Ford began working for the Ripley Housing Authority as
Executive Director on January 4, 2009. In his capacity as Executive Director, Ford made unauthorized
purchases and withdrawals from the checking account of the Ripley Housing Authority for his personal
use, including two cashier’s check payments on February 26, 2010 to Abernathy’s Motorcycle Sales and
North Star in the amounts of $11,500.00 and $7,927.00, respectively, using funds drawn on the housing
authority’s account. Ford also used an unauthorized cashier’s check drawn on the housing authority’s
account to purchase a 2009 Ford F150 pickup truck for $33,800.00 on February 5, 2010. Each count of
the indictment carries a penalty of up to 10 years imprisonment and a $250,000 fine.

This case is being investigated by the United States Secret Service, United States Housing and Urban
Development Office of Inspector General, and Internal Revenue Service Criminal Investigation Division,
and is being prosecuted by Assistant United States Attorney Justin L. Bailey.

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