George (Carl) Alexander Jr. faces 12 counts of mail fraud and money laundering said the U.S. Attorney's Office. The authorities allege that Alexander used the US mail to defraud Yankton Factoring, Comdata Corp and Allied Carriers Exchange for about US$35 million.
Alexander allegedly mailed false freight invoices to the corporations for payment to several nonexistent freight companies he claimed to operate. He is also accused of establishing dozens of shell corporations in Tennessee, Alabama, Mississippi and Oklahoma.
If convicted, he could receive up to 30 years, a US$1 million fine on each of the six mail fraud counts, and up to 20 years and a US$500,000 fine for each count of money laundering.
Source: The Tennessean
