Columbia Accountant Indicted for Fraud
| U.S. Attorney’s Office January 07, 2009 |
COLUMBIA, SC—United States Attorney W. Walter Wilkins announced today that a Federal Grand Jury in Columbia, South Carolina returned an Indictment against the following
DANIEL T. MONAHAN, age 58, of Columbia, was charged in a one-count Indictment with Mail Fraud, a violation of Title 18, United States Code, Section 1341. According to the Indictment, in March 2006, MONAHAN was instructed by two of his clients to reinvest over $800,000 from a real estate transaction. Rather than follow their instructions, MONAHAN used the money to day trade and pay off other debts.
The maximum penalty DANIEL T. MONAHAN could receive is a fine of $250,000 and/or imprisonment of 20 years.
This case was investigated by agents of the Federal Bureau of Investigation and is assigned to Assistant United States Attorney Winston D. Holliday, Jr., of the Columbia office for prosecution.
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The United States Attorney stated that all charges in this Indictment are merely accusations and that the defendant is presumed innocent until and unless proven guilty.