Hampton Man Sentenced for Wire Fraud
| U.S. Attorney’s Office February 11, 2013 |
NEWPORT NEWS, VA—Virgil Williams, Jr., 46, of Hampton, was sentenced today to 34 months in prison for wire fraud.
Neil H. MacBride, United States Attorney for the Eastern District of Virginia, made the announcement after sentencing by United States District Judge Robert G. Doumar.
Williams pled guilty on September 18, 2012. According to court documents, Williams owned Showcase Exclusive Imports Inc., a retail auto sales business operating in Newport News. Williams obtained financing, known as “floor plans,” through various entities to finance the purchase of vehicles sold at his dealership. In 2006, his line of credit collapsed and he was forced to seek alternative financing. He sought and obtained financing from various lenders using fraudulent bank statements and earning reports causing extensive losses to those lenders. Williams also established a separate dealership through which to submit credit requests. At sentencing, Williams was ordered to pay approximately $965,000 in restitution.
This case was investigated by FBI. Assistant United States Attorney Brian J. Samuels prosecuted this case on behalf of the United States.
A copy of this press release may be found on the website of the United States Attorney’s Office for the Eastern District of Virginia at http://www.justice.gov/usao/vae.