Thursday, September 15, 2016
Jackson, Miss - William David Dickson, aka "Butch" Dickson, 60, of Jackson, was ordered by U.S. District Court Judge Tom S. Lee to pay restitution to the bankruptcy estate of Community Home Financial Services, Inc., in the amount of $5,442,004.58, announced U.S. Attorney Gregory K. Davis, Acting U.S. Trustee Henry G. Hobbs, Jr. of Region 5, FBI Special Agent in Charge Donald Alway and U.S. Marshal George White.
In December, 2015, Dickson was sentenced to 57 months in federal prison followed by three years of supervised release for the fraudulent receipt of over $9 million and concealment of bank accounts containing funds belonging to the bankruptcy estate of Community Home Financial Services, Inc. Total losses to the bankruptcy estate were determined to be in excess of $12 million as a result of Dickson’s criminal conduct. The government has already recovered a portion of these losses through asset forfeiture of funds and other property. Efforts to recover additional funds and property remain ongoing.
William David Dickson placed Community Home Financial Services, Inc. in bankruptcy on May 23, 2012, in the Southern District of Mississippi. Dickson devised a scheme and artifice to defraud the bankruptcy court and the Chapter 11 Trustee by fraudulently causing funds of the debtor’s bankruptcy estate to be transferred to multiple accounts outside of the United States, including accounts in Panama and Costa Rica, that were controlled by Dickson. Dickson was expelled by authorities from Panama, and he was arrested by the FBI when he arrived at Miami International Airport in Florida on March 14, 2014.
The Chapter 11 Trustee, Kristina M. Johnson, along with the U.S. Trustee’s Jackson, Mississippi office referred this matter to the U.S. Attorney’s office. The investigation was conducted by the FBI, with assistance from the Chapter 11 Trustee and the United States Marshals Service. The case was handled by Assistant United States Attorney Dave Fulcher and Special Assistant United States Attorney Sammye S. Tharpe.