Contractor gets prison for misuse of funds
An Alabama contractor has been sentenced to more than two years in federal prison for spending government money issued for a helicopter construction project to pay off his mortgage.
William C. Childree, owner of Maverick Aviation Inc. in Enterprise, was sentenced to 27 months in prison and three years supervised release for spending $61,071.75 of a $4.7 million contract to pay the mortgage of his home. He also was convicted of spending another $61,071.75 from his Maverick bank account to pay off the mortgage of the Spotsylvania, Va., home of Jeffrey H online payday loan. Stayton, the former chief of the aviation division for the U.S. Army Test and Evaluation Command department, which gave the contract for construction of two helicopters to Maverick in 2001.
Stayton, who originally said the money was a loan, received a 63-month prison term and, like Childree, was ordered to pay the full amount back.
Both men were ordered to report to prison on April 15.
Filed under: technology by Wolf