This week, it was announced that four men from Carlisle, Kentucky had been indicted on June 6, 2018. These men were indicted for engaging in crop insurance fraud and money laundering. A federal grand jury in Lexington, Kentucky returned a 20 count indictment against the following defendants.
- 34-year-old Bradley Price
- 27-year-old Brandon Price
- 57-year-old Jimmy Price
- 58-year-old Lonnie Brierly
They have been charged with multiple counts of making false statements to influence the Federal Crop Insurance Corporation and companies the FCIC reinsured, as well as one count of committing a conspiracy to commit an offense against the United States and one count of conspiracy to commit money laundering.
The indictment claimed that in 2009 or earlier the Prices and Brierly falsely understated their tobacco production to insurance companies in hopes of claiming damage to their crop and to receive insurance indemnity payments to which they were not entitled. These indemnity payments were funded by the federal government. For this conduct, each defendant has been charged with multiple counts of making false statements to influence the FCIC.
The defendants have also been charged with conspiracy to commit crop insurance fraud. The indictment accuses the Prices and Brierly of selling the tobacco that they claimed they could not produce and working with others to hide the production by making it appear that the tobacco sold had been purchased from Clay’s Tobacco Warehouse instead of produced on their respective farms.
The indictment also accuses the Prices and Brierly of conspiring with each other and others to launder the proceeds of the sales of the hidden tobacco. At this point in time, the defendants are innocent until proven guilty beyond a reasonable doubt in a court of law. Further details have been made available here.