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Investigations

Date

Tennessee Contractor Indicted on Fraud Charges

On March 12, 2014, in U.S. District Court, Nashville, Tennessee, Ricardo Colon, was indicted for theft of federal funds and mail fraud. Colon was contracted by the Tennessee Department of Transportation (TDOT) to purchase tracts of real property for right of way projects involving federal funds. He appraised the tracts of land, negotiated a sales price, received funding from TDOT to acquire the tracts; but, he never completed the transactions. Instead, he deposited approximately $330,000 into personal accounts.

Note:  Indictments, informations, and criminal complaints are only accusations by the Government. All defendants are presumed innocent unless and until proven guilty.