United States Attorney Rebecca A. Gregory
Eastern District of Texas
FOR IMMEDIATE RELEASE CONTACT: DAVILYN WALSTON
WEDNESDAY, AUGUST 20, 2008 PUBLIC INFORMATION OFFICER
WWW.USDOJ.GOV/USAO/txe PHONE: (409) 839-2538 CELL: (409) 553-9881
FORMER BANK OFFICIAL GUILTY OF TRANSPORTING
STOLEN FUNDS ACROSS STATE LINES
(TYLER, TX) United States Attorney Rebecca A. Gregory announced today that a 52-year-old former bank official has pleaded guilty to transporting stolen funds in the Eastern District of Texas.
BRENT STEVEN LEMONS, of Arlington, admitted to transporting stolen funds across state lines and money laundering today before United States Magistrate Judge Judith Guthrie.
According to information presented in court, Lemons abused his position as the Senior Vice President of Investments and Financial Advisor at Banc of America Investment Services and President of the Tyler Market of Bank of America by withdrawing $80,000.00 of an investor's funds without their knowledge or consent and transporting those funds to Louisiana in order to transfer them to Boyd Corporation, which is associated with Sam's Town Casino in Shreveport, Louisiana. Lemons was indicted by a federal grand jury on March 4, 2008. He faces up to 10 years in federal prison and a fine of up to $250,000.00 at sentencing. A sentencing date has not been set.
This case is being investigated by the Internal Revenue Service and the Federal Bureau of Investigation and is being prosecuted by Assistant United States Attorney Jim Noble.
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