U.S. Attorney Joyce White Vance announced on Friday a 21-count indictment against an Alabaster attorney in connection to a wire, mail and securities fraud scheme.
34-year-old Christopher Shawn Linton is named as the defendant in the charges. The U.S. Attorney says Linton also faces a bank fraud charge from the submission of a fraudulent commercial loan application to Iberia Bank for a loan of $908,650.
The indictment lays out the scheme as follows:
"In 2007, Linton became an officer, partner and part owner of a business known as Integrity Capital Inc., by purchasing stock in the company. Integrity Capital Inc. was a factoring business located in the greater Birmingham area. Its business was to make advance payments to lawyers who had submitted payment vouchers for work performed for the State of Alabama. Integrity Capital would then receive the voucher payments from the state and keep a percentage as a fee.
In 2009, Linton formed Integrity Capital LLC. Beginning about August 2009, Linton recruited investment advisors to solicit investments in Integrity Capital LLC in order to purchase the assets and capital stock of Integrity Capital Inc. Between September 2009 and December 2011, a total of 12 individuals invested more than $2.8 million in Integrity Capital LLC. The investors mailed, wired or delivered money to Linton and the funds were deposited into one of several bank accounts held by the law firm where Linton worked as an attorney. After receiving the investor funds, Linton fraudulently converted them for personal use by writing personal checks to himself and by using the funds for non-investment purposes. The non-investment purposes, included, but were not limited to, the purchase of his personal residence, construction projects at the residence, private jet flights, vacations, recreational vehicles, furniture, luxury items, Auburn football tickets and a donation to the Heisman Trophy Trust."
Linton faces a maximum penalty of 20 years in prison and a $250,000 fine for each wire fraud charge and each mail fraud charge, 10 years in prison and a $250,000 fine as the maximum charge for money laundering, 5 years and $250,000 as the maximum penalty for each securities fraud charge. The maximum for bank fraud is 30 years in prison and a $1,000,000 fine.
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