Portsmouth Couple Arrested on Conspiracy and Fraud Charges
NORFOLK, Va. – Terri Lynn Nagy-Phillips, 41, and Craig Phillips, 42, both of Portsmouth, Va., were arrested today on charges of conspiracy, wire fraud, and mail fraud.
Neil H. MacBride, United States Attorney for the Eastern District of Virginia, made the announcement after Terri Lynn Nagy Phillips and Craig Phillips’ initial appearance before United States Magistrate Judge Tommy E. Miller.
According to the indictment and court proceedings today, Terri Lynn Nagy-Phillips was an employee of a commercial real estate company based in Virginia Beach. From January 2007 through November 2011, the couple stole nearly $3 million from the company. They also executed fraudulent wire transactions to pay for more than $450,000 in unauthorized charges made to the company’s credit card. The credit card was used to purchase airline tickets and jewelry from a store in the Caribbean, among other things. Ms. Phillips also wrote company checks to herself and deposited them into a bank account owned by both defendants.
The investigation was conducted by the United States Secret Service and Virginia Beach Police Department. Assistant United States Attorney Randy Stoker is prosecuting the case on behalf of the United States.
Criminal indictments are only charges and not evidence of guilt. A defendant is presumed to be innocent until and unless proven guilty.A copy of this press release may be found on the website of the United States Attorney's Office for the Eastern District of Virginia at http://www.justice.gov/usao/vae. Related court documents and information may be found on the website of the District Court for the Eastern District of Virginia at http://www.vaed.uscourts.gov or on https://pcl.uscourts.gov.