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Feds: Parking Lot Owner Swindled Veteran’s Affairs Out Of $11 Million

LOS ANGELES (AP) – Authorities allege that a man who operated parking lots for the U.S. Department of Veteran’s Affairs in Los Angeles defrauded the agency out of $11 million.

A U.S. attorney’s statement says 58-year-old Richard Scott kept two sets of books for 15 years, stashing millions in unreported cash and millions more in over-reported expenses.

Authorities say Scott, owner of Westside Services LLC, was arrested in Santa Monica on Wednesday.

Court papers say Scott used the wealth he gathered to buy three $2.5 million condominiums in Santa Monica, a racing boat in Miami, and cars that include Ferraris, high-end Mercedes-Benzes and a Shelby Super Snake Mustang. Federal authorities are attempting to seize those assets.

Scott has not yet entered a plea and it’s unclear whether he has hired an attorney.

 

Copyright 2017 The Associated Press.

Comments

One Comment

  1. Seems like all you here in this country is tax money being stolen from the Wh on down. Little guy gets robbed and the white collar crime keeps chugging along.

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