Attorney Pleads Guilty to Stealing Escrow Funds
ORFOLK, Va. – David R. Flynn, 44, of Norfolk, Va., pleaded guilty today to mail fraud and unlawful monetary transactions.
Dana J. Boente, United States Attorney for the Eastern District of Virginia, Royce E. Curtin, Special Agent in Charge of the FBI’s Norfolk Field Office; Thomas J. Kelly, Special Agent in Charge of the Internal Revenue Service’s Criminal Investigation Field Office in Washington, D.C. (IRS-CI); William Frantzen, Special Agent in Charge of the United States Secret Service’s Richmond Field Office, Gary Barksdale, Inspector in Charge of the Washington Division of the United States Postal Inspection Service, made the announcement after the plea was accepted by Senior United States District Judge Henry Coke Morgan, Jr.
Flynn faces a maximum penalty of 20 years in prison for mail fraud and a maximum penalty of 10 years in prison for unlawful monetary transactions when he is sentenced on July 7, 2014.
According to a statement of facts filed with the plea agreement, Flynn, an attorney licensed to practice law in Virginia and owner of Assured Title of Virginia, LLC in Virginia Beach, stole over two million dollars from real estate trust accounts in order to cover up problems with his Wells Fargo escrow account that dated back to 2008. Flynn also used the stolen funds to pay a personal credit card, to travel to tropical destinations, sometimes paying for friends to join him, and on at least one occasion, to charter a private plane.
This case was investigated by the Tidewater Complex Financial Crimes Task Force. Members of the Task Force include the Federal Bureau of Investigation, the Internal Revenue Service, Secret Service and the Postal Inspection Service. Assistant United States Attorney Melissa O’Boyle is prosecuting the case on behalf of the United States.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.