Accountant Ordered to Pay Restitution and Serve Probation for Fraud Scheme Targeting D.C. Property Management Company
Defendant Falsified Documents
WASHINGTON –Ted Blair Williams, Jr., 30, of Longmeadow, Massachusetts, was ordered to pay more than $46,000 in restitution and was sentenced to five years of probation for falsifying the accounting records of a Washington, D.C. property management company, in order to conceal his fraudulent scheme to steal funds from the company. The sentence was announced today by U.S. Attorney Matthew M. Graves and Chief Robert J. Contee III, of the Metropolitan Police Department (MPD).
Williams pleaded guilty in November 2022, in the Superior Court of the District of Columbia, to second degree felony fraud. He was sentenced by the Honorable Sean C. Staples who also ordered 12 months of supervised release.
According to the government’s evidence, Williams made approximately 20 fraudulent transfers from the company to his personal bank account between April and November 2019, totaling more than $65,000. Williams, who was employed by the company as an accountant and responsible for reviewing its accounting information, hid the fraudulent transactions in the company’s ledger by falsely coding the transactions in the records and concealing any accounting discrepancies from the company. The company had been able to recover approximately $19,000 after discovering the fraud but suffered a net financial loss of more than $46,000 because of the scheme.
In announcing the sentence, U.S. Attorney Graves and Chief Contee commended the work of those who investigated the case from the Metropolitan Police Department’s Financial and Cyber Crimes Unit. They also commended the work of Assistant U.S. Attorneys Brian P. Kelly and Benjamin D. Bleiberg, who investigated and prosecuted the case.