Press Release
☷Former Craighead County Clerk Sentenced to 57 Months in Prison for Wire Fraud
Federal Bureau of Investigation ( By Press Release office)
Sep 22,2022
| 4| 2
Former Craighead County Clerk Sentenced to 57 Months In Prison for Wire Fraud Defendant Took More Than $1 . 5M In County Funds LITTLE ROCK—Former Craighead County Clerk Jacob Kade Holliday was sentenced to 57 months in federal prison today for taking more than $1 . 5 million in county money for his personal use . Holliday , 34 , of Jonesboro , was sentenced by United States District Court Judge James M . Moody , Jr . , who also imposed three years of supervised release after Holliday completes his prison term . In June 2020 , Craighead County officials reported that a theft had occurred from the Craighead County Clerk’s office . The bank that managed the Clerk’s office account had flagged suspicious activity , and auditors concluded that approximately $1 , 579 , 057 . 03 was missing and had been moved to Holliday’s personal banking accounts . Law enforcement interviewed Holliday , who admitted to taking the money to fund his businesses: Holliday Development and Management , LLC , and Total Healthcare , LLC , both of which operated restaurants and coffee shops in Jonesboro . Holliday told investigators he planned to pay the money back , but once the COVID - 19 pandemic caused most of his businesses to close , he could not replace the money . Holliday was indicted in December 2020 , when a grand jury charged him with 11 counts of wire fraud for each withdrawal he made from the county account . He pleaded guilty in February of this year and acknowledged that his method was to make a transfer from the county account to one of his personal accounts and then get a cashier’s check from his personal account for the same amount . He pleaded guilty to Count 1 of the indictment , which charged him with wire fraud for his first fraudulent transfer of $101 , 782 . 97 on January 29 , 2020 . In his plea agreement , Holliday agreed to pay $1 , 579 , 057 . 03 in restitution to Craighead County . Holliday is currently serving a 120 - month sentence in a state case for forgery , and Judge Moody ordered that his federal sentence will not begin until the state sentence is completed . The FBI , Arkansas State Police , and Craighead County Sheriff’s Department conducted the investigation . Assistant United States Attorney Allison W . Bragg prosecuted the case . # # #This news release , as well as additional information about the office of theUnited States Attorney for the Eastern District of Arkansas , is available online athttps://www . justice . gov/edarTwitter:@EDARNEWS
PLAY the NEWS
* May be useful for visually impaired persons .
Press release information:
Direct link to press release:
Click here .
