Former state representative indicted in federal money laundering scheme
Fri, 08 Aug 2014 01:00:01 GMT —
Larkin Thaddaues Viers, also known as Thad Viers, was charged in a 14-count federal indictment on Thursday.
Click here to read the indictment.
According to the indictment, the Grand Jury charged him with 12 counts of knowingly engaging in monetary transactions through a financial institution and affecting interstate commerce, in criminally derived property of a value greater than $10,000.
The indictment accuses Viers of withdrawing a total of $524,000 between January and October of 2011 as part of a scheme to conceal assets belonging to Marlon Weaver.
Marlon Davis Weaver pleaded guilty in federal court last year to conspiracy to launder money.
Weaver owned a construction company in Conway that was awarded a contract to pave I-95 and was required to supply a performance bond before work began.
SafeCo Insurance Company agreed to act as surety on the bond, but required Weaver to provide a financial statement listing his assets prior to issuing the bond. Weaver listed his interest in Bucksport Marina and investments which he held with Gold & Silver, LLC.
Weaver defaulted on the I-95 job, and SafeCo was required to pay the Department of Transportation over $6,000,000.
After defaulting on the job, Weaver sold his interest in Bucksport Marina for over $500,000, but backdated the transfer documents to make it appear that he had sold the interest before he had defaulted.
Weaver mailed the backdated documents to SafeCo's attorney who was trying to collect assets for SafeCo. Weaver deposited the proceeds from the sale of the marina in his three daughters' accounts.
Weaver structured payments from his daughters' accounts into another account.
Once all of the money had been transferred from the daughters' accounts to the other account, Weaver gave money to Archie Evans who owned Gold & Silver, LLC., so that Evans could structure the money into Evans' accounts at various banks.
Archie Evans previously pled guilty for his involvement in a Ponzi scheme, but Weaver was unaware of the fact that Evans was committing fraud when Weaver gave the money to Evans.
Thursday's indictment also accuses Viers of conspiring with Weaver and Evans to hide Weaver's assets from SafeCo and making a false statement to an IRS investigator.
Viers has faced criminal charges before. Earlier this year, he pleaded guilty to a harassment charge in Horry County.
Viers was accused of harassing an ex-girlfriend, after police say he broke into her home and stole a cell phone, computer and a 9 millimeter handgun.
Viers was sentenced to one year, suspended to 60 days and one year probation.
Viers resigned from the House of Representatives in March 2012.
He represented District 68, which includes the Socastee area of Horry County, from 2002-2012.
He was in the process of running for the U.S. Representative of the 7th Congressional District when the harassment charge led him to withdraw from the race.
Viers is scheduled to appear in federal court in Florence on August 28 at 10:30 a.m. for these charges.
WPDE called Viers for a comment. We have not heard back.