United States Attorney Rebecca A. Gregory
Eastern District of Texas
FOR IMMEDIATE RELEASE CONTACT: DAVILYN WALSTON
TUESDAY, FEBRUARY 24, 2009 PUBLIC INFORMATION OFFICER
http://www.usdoj.gov/usao/txe PHONE: (409) 839-2538 CELL: (409) 553-9881
FORMER BANK OFFICIAL SENTENCED FOR TRANSPORTING
STOLEN FUNDS ACROSS STATE LINES
TYLER, TX -- U.S. Attorney Rebecca A. Gregory announced today that a 53-year-old former bank official has been sentenced for transporting stolen funds in the Eastern District of Texas.
BRENT STEVEN LEMONS, of Arlington, pleaded guilty on Aug. 20, 2008, to transporting stolen funds across state lines and money laundering and was sentenced to 75 months in federal prison today by United States District Judge Michael Schneider. Lemons was also ordered to pay restitution in the amount of $1,843,667.60 to seven victims.
According to information presented in court, in February 2007, 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.
This case was investigated by the Internal Revenue Service Criminal Investigation Division and the Federal Bureau of Investigation and prosecuted by Assistant United States Attorney Jim Noble.
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