West, Menifee Facing Lengthy Prison Terms In Fraud Case

Thursday, February 2, 2006

The former manager of an East Ridge loan office and a former local used car dealer are facing extensive prison time after pleading guilty to fraud.

Billy Collins West and Lucius Menifee entered guilty pleas before Federal Judge Thomas A. Varlan of Knoxville.

West is facing up to 50 years and Menifee 90 years in the case in which prosecutors said involved bogus loans and insurance scams.

Sentencing is May 10 at 11 a.m.

West, who was manager of Pioneer Credit on Ringgold Road, pleaded guilty to bank fraud, mail fraud and identity theft. He faces up to 30 years and a $1 million fine on bank fraud, up to 15 years and a $250,000 fine for mail fraud and up to five years and a $250,000 fine for identity theft.

Menifee pleaded guilty to three counts of bank fraud, carrying up to 30 years each and a fine up to $1 million.

Prosecutor Gary Humble said the fraud dates back as early as June 1996 and continued to Jan. 9, 2001.

He said Pioneer Credit got funding from First Tennessee Bank and Wells Fargo Bank.

He said West set up loans without the knowledge of the named borrowers and also set up bogus loans in which he split proceeds with the borrower. He said collateral was used, including autos and boats, that did not belong to the named borrowers.

He said the loans were often "repaid" by use of other bogus loans.

The prosecutor said false claims on wrecks were submitted to Voyager Insurance Company of Dallas, Tex. He said some of those proceeds were used to cover bogus loans.

He said personal financial information was used in the loans without authorization.

He said West essentially became partners with Menifee at his used car lot.

He said from January 1999 to December 2000 that West had a payroll of $64,747 and had net deposits of $486,738, including $166,415 in cash.

Gregory Stephens, 48, Arrested For Kidnapping And Aggravated Assault In Whitfield County

A man is being held on kidnapping and aggravated assault charges in Whitfield County. On Thursday, at approximately 9:40 p.m., deputies were dispatched to 2142 Beaverdale Road in reference to an assault that had taken place. Upon arrival, the officers found Terry Whaley, 53, with lacerations and abrasions to the head. Mr. Whaley informed officers that he and Monica Cunningham ... (click for more)

Upcoming City Council Agenda For Tuesday

Here is the upcoming City Council agenda for Tuesday: I. Call to Order. II. Pledge of Allegiance/Invocation (Councilman Hakeem). III. Minute Approval. IV. Special Presentation. V. Ordinances – Final Reading : (None) VI. Ordinances – First Reading : (None) VII. Resolutions: GENERAL SERVICES a. A resolution to amend Resolution No. 28696 authorizing ... (click for more)

Accountability Doesn't Have To Be A Bad Word

Am I making a difference? Isn’t that the basic question we all ask ourselves, and seek to demonstrate to others?  Ronald Reagan said:  “Some people spend an entire lifetime wondering if they made a difference in the world. But, the Marines don't have that problem.”   We would argue teachers do not have that problem either.    Educators make a huge difference ... (click for more)

Roy Exum: Guess Who Backed Kelly?

Two weeks before the August election where three members of the Hamilton County School Board were angrily replaced, the organizer of what was called “a great way for the (challengers) to raise great money to help them run smart campaigns” made a bold statement. “I'm sure the current board is well-intentioned, but the results are not there," said Paul Brock. "Leadership matters ... (click for more)

CPA Blanks CCS, 1-0, in A-AA State Soccer Semis

MURFREESBORO - The scoring opportunities were few for both teams, but Christ Presbyterian used a shot and a deflection off a defender for a 1-0 win against Chattanooga Christian in an A-AA state semifinal match here Thursday at the Richard Siegel Soccer Complex. District 12 player of the year Sarah Sievertsen scored the winning goal in the 54th minute as the Lions advance ... (click for more)

DeBord Happy To Have Kelly, Hurd In Vols' Backfield

Tennessee offensive coordinator Mike DeBord, defensive coordinator Bob Shoop and tight ends coach/special teams coordinator Larry Scott spoke reporters at Wednesday's press conference in the Ray and Lucy Hand Digital Studio. No. 18 Tennessee (5-2, 2-2 SEC) takes on South Carolina (3-4, 1-4 SEC) on Saturday at Williams-Brice Stadium with a 7:15 ... (click for more)