Sweetwater Man Pleads Guilty to $12.3 Million Wire Fraud Scheme
A former Sweetwater business owner plead guilty today to engaging in a $12.3 million wire fraud scheme, announced Acting U.S. Attorney for the Northern District of Texas Prerak Shah.
Stewart Kile Williams, 31, plead guilty to two counts of wire fraud and two counts of engaging in monetary transactions in property derived from unlawful activity.
According to court documents, Mr. Williams committed his crimes in the Northern District of Texas after engaging in another fraud scheme in the Southern District of Texas where he pleaded guilty to four counts of wire fraud. Mr. Williams was sentenced to serve 70 months in federal prison and ordered him to pay $2,071,925 in restitution for his crimes in the Southern District of Texas.
While on pretrial release in the Southern District of Texas, Mr. Williams formed AZS Trenching, an unregistered sole proprietorship. The company provided freight and trenching services in the West Texas Permian Basin.
Read more: https://www.justice.gov/usao-ndtx/pr/sweetwater-man-pleads-guilty-123-million-wire-fraud-scheme