Former Vice President of Construction Management Company, Patrick Lindsey Sentenced for Corporate Accounting Fraud Scheme
RICHMOND, VA (STL.News) A former corporate executive of a construction management company was sentenced to 27 months in prison for his role in a corporate accounting scheme that concealed millions of dollars in debt owed by the company.
“Over a five-year period, Patrick Lindsey served an integral role in a large-scale corporate accounting fraud scheme designed to conceal the fact that MGT Construction was more than $20 million in debt,” said Raj Parekh, Acting U.S. Attorney for the Eastern District of Virginia. “That deceit not only maintained the defendant’s job and padded his annual compensation package, but it also proved devastating to the individuals who worked on MGT Construction projects and were left holding the bag after the fraud scheme was uncovered and the company subsequently collapsed. This Office is committed to working with our law enforcement partners to combat corporate malfeasance and hold accountable executives who manipulate others for personal gain.”
According to court documents, Patrick Lindsey, 43, of Midlothian, was the Vice President of Preconstruction Services at MGT Construction, a Richmond-based construction company offering preconstruction planning and construction management services.