September 5, 2006
More About Land
It seems that land is a common theme is white collar cases. This time the case relates to timber on the land. According to a DOJ press release here, the head of Berry College’s Land Resources Department in Rome, Georgia, pleaded guilty "to charges of conspiracy and interstate transportation of stolen property." The scheme to defraud related to the sale of timber on land that was sold without Berry College receiving the approximately $2.5 million in profits. Because of the high loss here, the sentence could have been very high. According to the plea agreement he, "agreed to forfeit his interest in his residence," and "faces a maximum sentence of fifteen years in federal prison, although his actual sentence will be determined by the Court after consideration of the federal sentencing guidelines."
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