A Mt. Carmel man pleaded guilty Wednesday in federal court to wire fraud and money laundering charges. Kevin C. Williams, 53, was indicted by the federal grand jury on January 8.
The indictment alleged that Williams, an accountant, developed a personal relationship with an elderly Mt. Carmel resident which enabled him to exert influence over the investment and distribution of her income. Williams admitted in court that he engaged in a lengthy scheme to defraud the victim, by stealing her money while she was alive and altering her will and trust documents so that he would stand to inherit more of her money upon her demise.
Williams admitted orchestrating a fraud scheme against the elderly victim where he conducted a series of financial transactions that caused the victim to lose a total of over $2 million. He transferred the victim’s funds into his personal checking accounts, his personal savings accounts, his business accounts, and to pay his mortgage. Williams provided the victim with phony account statements so that she would believe that her money was safely invested, when in truth much of her money had been stolen.