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Press Release

Three Former Construction Company Officers Plead Guilty To Fraud Conspiracy

For Immediate Release
U.S. Attorney's Office, Southern District of Mississippi

Jackson, Miss - H. Claiborne Frazier, 41, Austin W. Frazier, 38, and C.E. Frazier, Jr., 65, all from the Jackson metro area, pled guilty in federal court on Monday, September 16, 2013, for their roles in a conspiracy to commit bank fraud, mail fraud, and wire fraud, announced U.S.Attorney Gregory K. Davis and FBI Special Agent in Charge Daniel McMullen.

From January 2003 through at least June 2008, the Fraziers conspired to commit bank fraud, mail fraud and wire fraud through Frazier Construction Company, Inc., Frazier Development Company, LLC, Van Buren LLC, and Olde Colony, LLC. The Fraziers defrauded BancorpSouth Bank on a $5.4 M construction loan and M&F Bank on a $2.8M construction loan. They also defrauded their bonding company, Travelers Casualty and Surety Company of America to get funding to pay Frazier Construction subcontractors and to obtain funding to continue the daily business operations of Frazier Construction to complete its outstanding construction projects.

The Fraziers will be sentenced on January 9, 2014. Claiborne Frazier faces a maximum sentence of 30 years in prison and a $250,000 fine. Austin Frazier and C.E. Fraizer each face a maximum sentence of five years in prison and a $250,000 fine.

This case was investigated by the Federal Bureau of Investigation. Assistant U.S. Attorney Carla J. Clark is prosecuting the case for the government.


If you believe you have been a victim of fraud from a person or an organization soliciting relief funds on behalf of storm victims, contact the National Center for Disaster Fraud toll free at:

(866) 720-5721

You can also fax information to:

(225) 334-4707

or e-mail it to:

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Updated January 7, 2015