Former FBI Agent Sentenced for Defrauding Lender

Allison Tussey —  July 26, 2011 — Leave a comment

Darin Lee McAllister, 44, Brentwood, Tennessee, a Former FBI Special Agent, was sentenced in U.S. District Court in Nashville, to 48 months in prison for his December 2010, convictions on wire fraud and bankruptcy fraud. He devised a scheme to defraud SunTrust Mortgage Co., Inc., in connection with the purchase of rental properties totaling $1.25 million in May and July 2006.

In addition to his prison sentence, McAllister was ordered to pay $675,142.83, in restitution to the victims of his fraud and a special assessment of $1800.00. Upon his release from prison, McAllister will also serve a term of three years’ supervised release.

McAllister was indicted in May 2010 by a federal grand jury for wire fraud, bank fraud, and swearing a false oath in bankruptcy. He devised a scheme to defraud SunTrust in connection with the purchase of the rental properties. In addition, he devised a scheme to defraud the SunTrust in connection with a $100,000 line of credit and making three false statements in connection with his subsequent bankruptcy petition in July 2009. As referenced above, following a trial by jury in U.S. District Court, McAllister was convicted of 15 counts of wire fraud and three counts of bankruptcy fraud in December 2010. The jury failed to reach a verdict on the bank fraud charge.

The indictment and subsequent conviction of McAllister was the result of an investigation by the U.S. Department of Justice Office of the Inspector General, with the assistance of the U.S. Bankruptcy Trustee’s Offices in Chattanooga and Nashville. Assistant U.S. Attorney Steve Neff and now retired Assistant U.S. Attorney Gary Humble represented the United States.

“We are very pleased with the sentence handed down today. This shows that no one is above the law. The actions of this federal law enforcement officer should not tarnish the good reputation of the FBI or the many fine men and women in federal law enforcement. However, anyone who violates the laws of the United States will be prosecuted regardless of his or her position,”stated U.S. Attorney Bill Killian. Killian further praised the efforts of the AUSAs and investigators for their exceptional work in prosecuting this case.

Allison Tussey

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