SC man scammed millions from another state, prosecutor says. Here’s how he spent the money
A South Carolina man faces hundreds of years behind bars after being indicted on multiple charges related to a multimillion dollar fraud involving a government agency in another state, the U.S. Attorney’s Office said in a news release.
Brandon Lamont Swain, a 53-year-old Columbia resident, was charged with eight counts of bank fraud, according to the U.S. Attorney’s Office based in the Middle District of Florida.
According to an indictment, Swain fraudulently obtained millions of dollars from Delaware’s Division of Child Support Services, Positive Pay bank account. Delaware used the Division account to distribute child support payments to custodial parents, the U.S. Attorney’s Office said in a news release.
Information about how Swain had access to the account and money was not available.
In connection with the scheme, Swain transferred more than $2.7 million from the Division account to various businesses and financial institutions, for his personal gain, according to the release.
Swain used the Divisionaccount to purchase more than $2 million in timeshare interests in resort properties in Orlando and elsewhere, the U.S. Attorney’s Office said. There was no word about how Swain spent the rest of the money.
If convicted, Swain faces a maximum penalty of 30 years in federal prison on each count, according to the U.S. Attorney’s Office. There is no parole in the federal system.
This case was investigated by the U.S. Secret Service.
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