DOJ files lien against construction contractor for $40M restitution (bank and bankruptcy fraud)
HARLINGEN — A man’s fortunes could change, and the Department of Justice is banking that jailed former Harlingen contractor Mitchell Kent Sweezy would amass property to satisfy restitution of slightly more than $40 million to some of his victims.
By law, the Department of Justice has to file a lien against Sweezy’s property to continue until the liability is satisfied, set aside, or it becomes unenforceable after Nov. 15, 2037 — which is 20 years plus the seven year sentence he received on Nov. 15, 2010.
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Sweezy, now 63, is serving his seven-year sentence at the federal correctional institution in Big Spring and his release date is Feb. 28, 2017, other public records reflect. He was tried and sentenced in the U.S. District Court for the Southern District of Texas in Brownsville before U.S. District Judge Andrew S. Hanen.
As noted by the United States Attorney’s Office at the time, Sweezy was the CEO of Sweezy Construction Inc. (SCI) and Hanen sentenced him to seven years in federal prison and ordered him to pay $40,206,054 in restitution for conspiring to commit bank fraud and bankruptcy fraud, along with other defendants and business entities.
Read more: http://www.valleymorningstar.com/news/local_news/article_74dbaa6c-d433-11e4-855e-9fa3d9196a56.html
