TERRE HAUTE, Ind. (WTHI) – On Wednesday the US Attorney’s Office indicted Franklin Fennell and Frank Shahadey on 12 counts, including wire fraud.
Now both men face up to 20 years in federal prison on each of the 9 wire fraud charges filed against them if convicted.
The feds accuse them of defrauding the Vigo County School Corporation. Over a 30-month period federal agents believe Fennell hired a tree trimming business for 58 jobs paying the business $440,000.
INDICTMENT | FULL DOCUMENT
Of that, US Attorneys claim Fennell and Shahadey pocketed more than $80,000. The indictment orders Fennell and Shahadey to forfeit any property they obtained from the scheme.
Shahadey continues to be held at the Henderson, Kentucky detention center.
Fennell was released after his arrest.
The school corporation terminated both men after details of the scheme surfaced.