Jackson, Miss. – Porter Bingham, 57, of Roswell, Georgia,
was arrested today in Georgia by the Federal Bureau of Investigation. Bingham
is charged in a federal criminal indictment with wire fraud, bank fraud, and
money laundering arising from his role as a the Financial Advisor for the City
of Rolling Fork, Mississippi, in connection with the issuance of municipal
bonds in 2015. The indictment charges that Bingham fraudulently obtained an
additional $33,000 of the bond proceeds to which he was not entitled.
Bingham appeared earlier today before a United States
Magistrate Judge in Atlanta, Georgia. He was released on a $15,000 bond and
will appear in federal court in Jackson before United States Magistrate Judge
Linda Anderson on Monday, April 1, 2019, at 1:30 pm. The case is currently
scheduled for trial in Jackson before United States District Judge Tom S. Lee
during the May trial term.
The case is being investigated by the Federal Bureau of
Investigation and is being prosecuted by Assistant United States Attorney Dave
Fulcher.
The public is reminded that an indictment is merely a charge
and should not be considered as evidence of guilt. The defendant is presumed
innocent unless and until proven guilty in a court of law.
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