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Investigations

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Tennessee Right of Way Contractor Convicted for Theft from a Federally Funded Program

On February 18, 2015, Ricardo Colon pleaded guilty in U.S. District Court, Nashville, Tennessee, for charges related to the theft from a federally funded program. 

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, and received funding from TDOT to acquire the tracts. However, he never completed the transactions and instead deposited approximately $330,000 into his personal bank accounts.

We are working this investigation jointly with the Federal Bureau of Investigation and the Internal Revenue Service, Criminal Investigation.