Summerville man indicted on 28 counts of fraud
The U.S. grand jury has indicted a Summerville man and former insurance agent on 28 counts of fraud.
According to a press release from the U.S. Attorney’s Office, Timothy David Mays, 48, of Summerville, was charged in an indictment with 28-counts of Wire Fraud, in violation of Title 18, United States Code, Section 1343, 4-counts of Mail Fraud, in violation of Title 18, United States Code, Section 1341, 1-count of Willfully Filing a False Income Tax Return, in violation of Title 26, United States Code, Section 7206(1), and 3-counts of Willfully Failing to File an Income Tax Return, in violation of Title 26, United States Code, Section 7203. The maximum sentence for each count of wire fraud and mail fraud is 20 years and/or $250,000, the maximum sentence for the count of willfully filing a false income tax return is 3 years and/or $250,000 plus the costs of prosecution, and the maximum sentence for each count of willfully failing to file an income tax return is 1 year and/or $100,000 plus the costs of prosecution. The case was investigated by agents of the Federal Bureau of Investigation (FBI) and Internal Revenue Service-Criminal Investigation (IRS-CI) and is being prosecuted by Assistant U.S. Attorney Dean H. Secor of the Charleston Office.
The United States Attorney stated that all charges in these indictments are merely accusations and that all defendants are presumed innocent until and unless proven guilty.