Richardson Exec Indicted for False Declarations in Trade Secrets Case

TYLER, Texas — A former executive in Richardson, Texas, has been hit with serious charges after being indicted for making false declarations in a civil trade secrets case.

Albert Davis, 54, was arrested on Feb. 19, 2015, in Lewisville, Texas, and now faces up to five years in federal prison for each of three counts against him. The charges stem from allegations that Davis knowingly made false material declarations while under oath as a witness in the Eastern District of Texas case, LBDS Holding Company, LLC vs. ISOL Technology, Inc. et al..

Davis’s trouble began when he was charged in Missouri for his part in a $1 million MRI machine fraud scheme. He is accused of impersonating representatives of Kansas City-based Cerner Corporation and duping a Dallas-area hospital into purchasing the equipment.

On Feb. 25, 2015, Davis will have a detention hearing regarding the federal arrest warrant issued by the Eastern District of Texas and the Western District of Missouri.

The investigation that led to Davis’s charges was a joint effort between the Federal Bureau of Investigation and the U.S. Attorney’s Office for the Western District of Missouri. Assistant U.S. Attorney Nathaniel C. Kummerfeld is handling the prosecution of this case.

It is crucial to remember that a grand jury indictment is not evidence of guilt, but the severity of the charges against Davis underscores the gravity of his alleged actions.