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.
Top Posts & Pages
- The Dan Jones-IHL saga: Is this the story that started it all?
- Dan Jones rejects IHL offer, won't publicly apologize
- Email from Nash to Delta Council’s Morgan included in DHA court file
- BREAKING NEWS: Trustees offer new deal to Ole Miss chancellor Dan Jones
- Suit against Kemper employee Brett Wingo is dismissed
- Ole Miss chancellor: Talks continue over job status
- DAVID DALLAS — From Dan and Dixie with love
- Delta Health Alliance CEO Karen Fox under investigation for possible misuse of funds
- Law to bolster utilities’ economic development efforts gets mixed reactions