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A naval officer who cheated the government out of more than $2.7 million to buy a second home, luxury vehicles and to feed a high-stakes poker habit, has been sentenced to more than four years behind bars.
Lt. Randolph Prince, 45, from Virginia Beach, Va., used his position as a member of Explosive Ordnance Disposal Training and Evaluation Unit 2 to coordinate government contracts of “inert training aids” – fake bombs – with fictitious companies, according to the Virginian-Pilot. The phony companies were created so Prince could award them government contracts.
The article goes on to state the following:
The deliveries never arrived, Prince and his co-conspirators created false documentation to show they had been received so the Navy would pick up the tab. Prince used the $2,719,907 he netted from the scheme to purchase luxury vehicles and a second home. Additionally, it supplemented his high-stakes poker habits.
Prince pleaded guilty in August to wire fraud and to making a false statement on his tax returns in 2014. Lt. j.g. Courtney Cloan and former sailor Clayton Pressley III have also pleaded guilty to participating in the scheme.
Lt. Randolph Prince, 45, was sentenced this week to more than four years in federal prison. https://t.co/42VgPfvxP9
— Stars and Stripes (@starsandstripes) January 11, 2019
Navy officer gets 4-plus years for $2.7M fraud scheme https://t.co/FdRml4Lc08
— Washington Examiner (@dcexaminer) January 11, 2019
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