Man imprisoned for $100M surety bond fraud
ATLANTA -- An Orange Park, Fla., man was sentenced to time in federal prison for operating a multimillion dollar surety bond fraud scheme.
DeKalb County and the city of McDonough received some of Eric Campbell's false bonds for construction projects.
"Mr. Campbell orchestrated a scheme whereby he defrauded numerous individuals, businesses, and state and local government of money based on false representations and promises," Veronica Hyman-Pillot, Special Agent in Charge with IRS Criminal Investigation, said in a release.
From August 2012 to July 2013, Campbell used a number of corporations to sell the bonds. He convinced contractors and government agencies to work with him by saying he had the authority to execute or issue surety bonds on behalf of affiliates of insurance company Chubb. Prosecutors said Campbell embossed the fake bonds with counterfeit seals and forged Chubb officials' signatures on them.