Man pleads guilty to stealing $100,000 from MDA
Published: October 21,2011
NEW ORLEANS — A Harahan, La., man has pleaded guilty to stealing government funds.
U.S. Attorney Jim Letten says Vernon Ponder pleaded guilty Thursday before U.S. District Judge Mary Ann Vial Lemmon.
Letten says Ponder applied to the Mississippi Development Authority and to the U.S. Small Business Association for money to repair his vacation home in Bay St. Louis after it was damaged by Hurricane Karina in 2005. He says Ponder falsely claimed the damaged home was his primary residence when it was not.
Ponder also used that information on an application to the Federal Emergency Management Agency.
As a result, prosecutors say Ponder received $100,000 from MDA, $10,000 from SBA and more than $7,100 from FEMA.
Ponder faces up to 10 years in prison and a $250,000 fine. Sentencing is Jan. 26.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- McDaniel cites Gunn's challenge in his attempt to overturn loss to Cochran
- Grain buyer’s bankruptcy could take steep toll on Delta farmers
- UPDATE — David Watkins says JRA left him in dark about HUD's Farish St. involvement
- Mississippi no longer has highest unemployment rate in nation
- Mad Genius, Eyevox owner acquires Mississippi Film Studios
- Once the bane of only Southerners, kudzu is migrating north and west
- Payday lender, fired executive exchanging blame for lender’s regulatory woes
- Senators push for protecting steel producers from imported rebar
- SouthGroup Insurance named to 'Best Practices' study