El Paso Business Owner Indicted for Fraud
EL PASO – An El Paso man was arrested on Thursday on criminal charges related to his alleged involvement in defrauding two federally funded correctional institutions (“the institutions”).
According to court documents, Jack McCager Kidd, 70, is a director and partner of a company that provided natural gas to the institutions. The allegations are that Kidd falsely invoiced the institutions for more natural gas than Kidd’s company had in fact delivered. Kidd also refused to provide requested information to the institutions concerning the amount of natural gas delivered and the calculations he used to determine the monthly invoice amounts.
Kidd is charged with 72 counts of wire fraud. If convicted, Kidd faces a maximum penalty of 20 years in prison on each count. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.
U.S. Attorney Ashley C. Hoff of the Western District of Texas and Special Agent in Charge D. Nichole Fleming of the Department of Justice Office of the Inspector General Fraud Detection Office made the announcement.
The Department of Justice Office of the Inspector General Fraud Detection Office is investigating the case.
Assistant U.S. Attorneys Chris Skillern and Sarah Valenzuela are prosecuting the case.
An indictment is merely an allegation and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.