Texas resident convicted of moving illegal funds through company based in Richmond

According to federal authorities, a man from Texas has been given a prison sentence of 12 months and one day for his involvement in money laundering. The individual in question is Neil Divers, aged 66, who co-owned a business based in Richmond. As reported by United States Attorney Ismail J. Ramsey, Divers pleaded guilty to one count of wire fraud and one count of money laundering on July 17. While he currently resides in Godley, Texas, he previously lived in Chico.

In addition to his prison sentence, Divers has been ordered to pay restitution, although the exact amount will be determined at a hearing scheduled for January 7. Once he completes his prison term, which will begin on January 10, Divers will be under supervised release for three years, according to the authorities.

The incident in question took place in 2015, when Divers owned and operated a company called Kodiak Precision, Inc., which specialized in manufacturing machined components. The company was based in Richmond, as confirmed by authorities. However, in 2016, the other co-owners of the business put measures in place to prevent Divers from accessing company funds without permission from at least one other owner, based on past events.

Despite these precautions, Divers found a way to bypass them. Between July 2016 and May 2018, he opened bank accounts in the name of Kodiak, with himself as the sole account signatory. The other owners were not aware of these accounts, nor did they give their consent for them to be opened. Divers then instructed a fellow employee to ask certain customers to make deposits into these accounts.

The money obtained through this fraudulent scheme was used by Divers to support his extravagant lifestyle. For instance, in August 2019, he used $38,217.84 to pay for landscaping services for his personal residence. As a result of his actions, U.S. District Judge Jon S. Tigar imposed the sentence on Divers.

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