Muskogee, Oklahoma – A stunning admission of guilt was made today as Michael Scott Calhoun, 49, and Tommy Wayne Davis, 47, both residents of Yantis, Texas, faced the music in federal court. The duo, accused of orchestrating a massive wire/mail fraud conspiracy, entered guilty pleas to charges brought forth by the United States Attorney’s Office for the Eastern District of Oklahoma.
The crime dates back to August 2007 and ran until April 2010. During that time, Calhoun and Davis, along with others unknown to the Grand Jury, conspired to defraud the United States and Texas Capital Bank through false pretenses, representations, and promises transmitted via wire communication or the U.S. Mail.
The charges stem from an extensive investigation by the Federal Bureau of Investigation, which led to their indictment in August 2012. The case has been a top priority for federal authorities, with today’s guilty plea marking a significant victory.
Judge Kimberly E. West, presiding over the United States District Court for the Eastern District of Oklahoma in Muskogee, accepted the defendants’ pleas and ordered the completion of presentence reports to determine their fate.
Under federal law, Calhoun and Davis could face up to 30 years imprisonment and/or a fine of $1,000,000.00 if convicted on all counts. Assistant United States Attorney Chris Wilson represented the United States in court.
This case serves as a stark reminder of the lengths some will go to commit financial fraud against our nation’s institutions. The sentence handed down will undoubtedly have far-reaching impacts on both Calhoun and Davis, as well as the communities they call home.
Related Federal Cases
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- Texas Conspirator Sentenced for Chickasaw Nation Wire Fraud · Oklahoma
- Texas Man Sentenced for Wire Fraud Conspiracy · Oklahoma
- 16 Indicted in Texas Bank Fraud Ring: $1.3M Losses · Alabama
- Yantis Gun Dealer Pleads Guilty To Federal Violations · Arkansas
Key Facts
- State: Oklahoma
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes
- Source: Official Source ↗
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