Askew Set To Plead Guilty In SCT Fraud After Being Brought Back From Spain

Sunday, February 17, 2013

A man who fled to Spain after being indicted in 2002 in a pension fraud at Standard Coosa Thatcher is set to plead guilty in Federal Court in Chattanooga.

Roderick Askew, who was caught in 2011, faces 5-20 years in federal prison.

He is set to plead guilty to one count of money laundering.

Prosecutor Jay Wood said Askew was involved in a scheme to remove funds illegally from the pension fund.

He said in June 1999, Askew arranged the transfer of some $10 million from the pension fund from an account at a bank in Rochester, N.Y., to another bank account he had access to.

The prosecutor said Askew applied $9.2 million to a pension transaction, but he and others shared in the remaining $800,000.

 


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