News and Press Releases

Former Executive Director Of The Ripley Housing Authority Pleads
Guilty To Embezzling $216,000, Money Laundering And Tax Evasion

FOR IMMEDIATE RELEASE
January 17, 2012

Memphis, Tenn. - David Royce Ford, age 35, of Ripley, Tennessee, pled guilty before Chief Judge Jon
P. McCalla to charges of embezzlement, money laundering and tax evasion, announced Edward L.
Stanton, III, United States Attorney for the Western District of Tennessee.

According to a statement of facts made by Assistant United States Attorney Justin L. Bailey to Chief Judge
McCalla, 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 and $7,927 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 on February 5, 2010.

The total loss to the housing authority is approximately $216,000. Additionally, Ford failed to report to
the Internal Revenue Service approximately $50,000 in additional taxable income for calendar year 2009 that he received as a result of the embezzlement, resulting in a loss of approximately $10,490 for that year. Counts 1 through 4 of the information carry a penalty of up to 10 years imprisonment and a $250,000 fine, while Count 5 carries a penalty of up to five years imprisonment.

This case was investigated by Special Agent Reginald Johnson of the United States Secret Service, Special
Agent Greg Newberry of the United States Housing and Urban Development Office of Inspector General,
and Special Agent Shari Paige of the Internal Revenue Service Criminal Investigation Division, and is
being prosecuted by Assistant United States Attorney Justin L. Bailey.

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