Louisiana Man Charged in $3 Million Kickback Scheme Involving
DALLAS — Slater Washburn Swartwood, Sr., of Louisiana, has been charged with money laundering for his role in a fraud scheme that involved $3 million in illegal bribe and kickback payments, announced U.S. Attorney Erin Nealy Cox of the Northern District of Texas.
The criminal felony Information filed yesterday charges Swartwood with one count of conspiracy to commit money laundering. Signed plea papers were also filed indicating Swartwood’s intent to plead guilty. Swartwood faces a maximum penalty of imprisonment not to exceed five years and a $250,000 fine. Restitution could also be ordered. An arraignment date has not yet been set.
According to the filed Information and plea papers, Swartwood started working with Person A as a real estate adviser in approximately 1985. In approximately 2010, he began doing real estate consulting for Company A, at first as an employee and later as a consultant. Company A, which was owned and controlled by Person A, sold cameras and related services for school buses. Company A entered into various contracts and a licensing agreement with a Texas state agency acting through its superintendent, Person B. Under these contracts and the licensing agreement, the state agency purchased millions of dollars of camera equipment from Company A.
Between 2011 and 2016, according to documents filed in the case, Person A provided Swartwood with approximately $2 million to funnel to Person B through Swartwood’s companies, Elf Investments, Cambridge Realty Group, LLC, and Anrock Realty Services, LLC, in return for further agreements and camera-equipment orders.
The investigation was conducted by the Federal Bureau of Investigation.
Assistant U.S. Attorneys Andrew Wirmani and Joseph Magliolo are in charge of the prosecution.
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