New Federal Indictment Charges Former Buncombe County Manager With Wire Fraud, Federal Program Fraud, and Money Laundering
A 23-count criminal indictment was returned by a federal grand jury sitting in
According to the indictment,
According to allegations contained in the indictment, beginning in or about
The indictment alleges that in
According to the indictment, the policies that Greene was procuring were whole life insurance policies, with a resulting cash value and the ability to borrow against such policies. Furthermore, the indictment alleges that, at Greene's direction, the County prepaid the initial payment and several years' worth of annual premiums for each policy agreement, which meant that, upon termination of the policy, a policy owner could receive whatever cash value the policy had, as well as the remaining prepaid premiums. The indictment alleges that in this manner, in the first month after Greene retired from her County employment, she was able to obtain cash out of two such policies, thereby personally obtaining approximately
According to allegations in the indictment, Greene selected the employees that would receive the life insurance policies and selected the amounts the County would prepay for each policy. To fund the scheme, Greene did not seek the Board's authorization to purchase these policies with County funds. Rather, in order to gain access to the County money necessary to fund her scheme, the indictment alleges that Greene inflated the settlement amounts for two federal civil rights lawsuits against the County that the Board agreed to pay. She later fraudulently claimed to the life insurance company, the insurance agent, and to the various County employees that the Board had also approved and enacted funding for the life insurance program she had created when it enacted a budget amendment to settle those lawsuits, when, in fact, the Board never approved, and never even knew about the existence of, Greene's life insurance scheme.
The indictment further alleges that after the Board approved the requisite budget amendment to fund the settlement of the civil lawsuits, Greene caused a series of interstate wire transactions to make initial lump-sum prepayments, and later quarterly payments, toward the premiums of the various insurance policies. According to the indictment, shortly before she announced her intention to retire, Greene attempted to quadruple the quarterly payments from
On
A separate federal indictment was filed in
In making today's announcement
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