Man Indicted For Allegedly Defrauding Homeowners, Businesses, Federal Government
A federal grand jury returned an indictment against a man for an alleged scheme to defraud homeowners, businesses, the Columbus Metropolitan Housing Authority, the U.S. Department of Housing and Urban Development and the IRS.
According to the U.S. Attorney's Office, Terrance J. King faces three counts of mail fraud, four counts of money laundering, one count of filing a false claim and three counts of willfully filing false federal income tax returns.
The 11-count indictment alleges that King, 46, started a roofing business called Home Improvement Terrance King, LLC, in 2008.
He allegedly devised a scheme to defraud insurance companies and his clients by obtaining money from insurance companies and his clients through false and fraudulent pretenses and promises.
King allegedly told clients that he was providing them with roofing materials under warranty, when he actually provided them second-hand items.
The man also allegedly used the money to purchase several vehicles and a home, and to willfully file false tax returns between 2008 and 2010.
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