Bluefield Daily Telegraph, Bluefield, WV

Virginia State News

September 13, 2012

Va man indicted on federal fraud charges

CHARLOTTESVILLE, Va. (AP) — A Virginia man has been indicted on fraud and money laundering charges.

Federal prosecutors said Thursday that 59-year-old Michael Wayne Harding of Albemarle County has been charged with mortgage fraud, money laundering and bankruptcy fraud.

According to an indictment, Harding is alleged to have secured mortgages by faking improvements made to properties owned by his company. Harding then had checks from the mortgage companies converted for his own personal use.

It also is alleged that after filing for bankruptcy, Harding filed false reports and failed to deposit all income into a required account.

If convicted on all seven counts, he faces up to 115 years in prison and/or fines up to $3.75 million.

A phone message left by The Associated Press at Harding's business was not immediately returned.

1
Text Only
Virginia State News
West Virginia State News
AP Video
Raw: Deadly Bombing in Egypt Raw: What's Inside a Commercial Jet Wheel Well Raw: Obama Arrives in Japan for State Visit Raw: Anti-Obama Activists Fight Manila Police Motels Near Disney Fighting Homeless Problem Michigan Man Sees Thanks to 'bionic Eye' Obama to Oso: We'll Be Here As Long As It Takes Bon Jovi Helps Open Low-income Housing in Philly Pipeline Opponents Protest on National Mall Hagel Gets Preview of New High-tech Projects S.C. Man Apologizes for Naked Walk in Wal-Mart New Country Music Hall of Fame Inductees Named 'Piles' of Bodies in South Sudan Slaughter SCOTUS Hears Tv-over-Internet Case Chief Mate: Crew Told to Escape After Passengers Iowa College Finds Beauty in Bulldogs
Sister Newspapers' News