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Victim Notification - United States v. Timothy Darrell Penick

Case Description

On May 5, 2021, Timothy D. Penick of Lighthouse Properties of Virginia pled guilty to a Criminal Information in the United States District Court for the Western District of Virginia, pursuant to a Plea Agreement.  A Criminal Information is a document filed in federal court charging a person with a crime.  

Between approximately 2011 and 2020, Penick owned and operated Lighthouse Properties in Campbell County. Lighthouse Properties was a real estate management company providing services to property owners, renters, homeowners associations, and home buyers/sellers. Beginning around June 2018, Penick devised a scheme to defraud multiple clients of Lighthouse Properties. As part of the scheme, Penick obtained authorization from clients to directly access their bank accounts.  Penick then transferred funds from those client bank accounts to other bank accounts in Lighthouse Properties’ name. Penick then used this money for improper purposes. To conceal the misuse of client funds, Mr. Penick provided those clients with fraudulent bank account statements that omitted these transactions and reflected much higher account balances. The Criminal Information charged Penick with a single count of wire fraud in connection with this scheme.

Penick is currently released on bond.

PRESS RELEASE, MAY 6, 2021

PLEA AGREEMENT

STATEMENT OF FACTS

Case Information

Dates

Date Event Location
May 5, 2021 Criminal Information Filed U. S.  District Court
Lynchburg, Virginia
May 5, 2021 Arraignment/Guilty Plea U. S.  District Court
Lynchburg, Virginia
By Zoom Hearing
January 21, 2022, 10:00am Sentencing

U. S.  District Court
1101 Court Street
Lynchburg, Virginia

Frequently Asked Questions

If I have information about this case, who do I contact?
Please contact the Campbell County Sheriff’s Office at 434-592-9580.  Lt. Mike Bryant is the agent in charge of the case.

If I believe that I am a victim in this case, and have not been contacted or interviewed by law enforcement, who do I contact?
Please contact the Campbell County Sheriff’s Office at 434-592-9580.  Lt. Mike Bryant is the agent in charge of the case.

If I am a victim in this case, what is the best way to contact the U.S. Attorney’s Office?
Please contact victim-witness coordinator Kimberly Sanders-Johnson at kimberly.sanders@usdoj.gov.

If I am a victim in this case, what is the best way for me to receive notices of court events etc. pertaining to the case?
The U.S. Attorney’s Office will be responsible for ensuring that you are notified of all major case decisions and court events through the Victim Notification System.  To ensure that you receive timely and accurate notices, please contact victim-witness coordinator Kimberly Sanders-Johnson at kimberly.sanders@usdoj.gov  and provide your name, address, telephone numbers, and email. 

If I am NOT a victim in this case, what is the best way to keep up with the case?
Please continue to monitor the U.S. Attorney’s Office, Western District of Virginia Website at:  www.justice.gov/usao-wdva.

If it is determined that I am a victim in this case, will I have an opportunity to receive restitution?
Pursuant to the plea agreement in this case, the Court will order restitution in an amount to be determined by the Court at his sentencing. In advance of sentencing, the United States Probation Office will evaluate all claims for restitution and, ultimately, make a recommendation to the Court. If you believe that you have suffered financial losses as a result of Mr. Penick’s criminal conduct and would like to be considered for restitution, please submit information regarding your claim to Kimberly Sanders-Johnson at kimberly.sanders@usdoj.gov. You should include all information necessary for Probation and the Court to evaluate your claim including the following: the amount of financial loss suffered and the source of the losses (i.e. specific properties or accounts); any amount of loss recovered and from what source (i.e. insurance claim), and whether you or anyone on your behalf has filed a civil suit against Mr. Penick or Lighthouse Properties along with the case number and status. Please also provide documentation or other records in support of your claim whenever possible.

Contact Us

Lt. Mike Bryant
Campbell County Sheriff’s Office
Rustburg, Virginia
434-592-9580

Kimberly Sanders-Johnson
Victim Witness Assistance Program
U.S. Attorney’s Office
310 1st Street, SW Room 906
Roanoke, VA 24011
540-857-2250
kimberly.sanders@usdoj.gov

Updated August 24, 2021

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