Tuesday, May 21, 2013

Feds to Marcon, Inc. Owners: Forfeit $9 Million in Federal Fraud Indictment

Posted by on Tue, May 21, 2013 at 9:56 AM

Federal prosecutors want a Meridian woman to fork over $9 million as part of an indictment against her, on charges including wire fraud and obstruction of justice.

66-year-old Elaine Martin, a former president of Associated General Contractors, and 67-year-old Boise resident Darrell Swigert—both owners of highway guard installation company Marcon, Inc.—allegedly took advantage of a federal program to aid disadvantaged businesses, according to the Associated Press.

Martin was indicted by a grand jury in U.S. District Court May 20, and if convicted, could face prison time. Martin's charges include wire fraud and obstruction of Justice; Swigert was also charged with obstructing a federal proceeding.

Prosecutors say Martin caused false tax returns to be filed, concealing her wealth while participating in the federal aid program.

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