JACKSON, Miss. — A Jackson man sentenced to nearly five years for bankruptcy fraud has been ordered to pay restitution of $5.4 million.
U.S. Attorney Gregory K. Davis, in a news release Thursday, said U.S. District Judge Tom S. Lee ordered 60-year-old William Dickson to repay the bankruptcy estate of Community Home Financial Services Inc.
In December, Dickson was sentenced to 57 months in federal prison for the receipt of over $9 million and concealment of bank accounts containing the agency’s funds. Davis says Dickson fraudulently caused funds to be transferred to multiple accounts outside of the U.S., including accounts in Panama and Costa Rica that Dickson controlled.
Total losses to the estate were determined to be in excess of $12 million as a result. The government has recovered some of those funds.