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Sunday, January 24, 2021

Feds: Wise County businessman bilked $970K from NY financing firm

ROCHESTER, N.Y. (AP) — Federal authorities say a 43-year-old Texas businessman has been charged with bilking a Rochester-area financing company out of nearly $1 million.

The U.S. Attorney’s Office announced Tuesday that Bradley Boyd of Rhome in Wise County north of Fort Worth was charged with wire fraud and money laundering.

Prosecutors say Boyd was president of River Cities Sawing of Grand Prairie, a concrete business involved in highway infrastructure projects. Officials say Boyd’s company submitted about 60 fraudulent invoices totaling $1.5 million Durham Funding.

Authorities say based on the fraudulent invoices, the financing company sent River Cities Sawing about $970,000 during a five-month period in 2011. Prosecutors say Boyd used the money to make payments on loans and pay his company and personal expenses.

It couldn’t be determined if he has lawyer.

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