Feds allege local developer built hoard of cash, prepaid gift cards and casino chips
RICHMOND, Va. (RichmondBizSense.com) – Federal prosecutors now want to throw the book at an imprisoned local developer.
The U.S. Attorney’s Office claimed in new allegations Friday that Billy G. Jefferson Jr. had been building a hoard of cash, prepaid gift cards and casino chips, all while scheming to flee the country using a false identity. It said Jefferson devised the plan as his tax-credit scheme began unraveling last year.
In light of the new allegations (you can read the full file here), prosecutors are asking to seek a maximum 20-year sentence for the two felonies the local landlord already pleaded guilty to. Both sides initially agreed to a recommended 6.5-year prison sentence for Jefferson.
The 22-page filing alleges a tale of Jefferson’s high-roller status in Las Vegas, homemade IDs claiming his brother’s identity and a chartered flight to England before he was set to plead guilty. The filing also includes a description of camouflaged PVC piping to potentially bury what prosecutors say is a stockpile of up to $2.4 million.