Oxford Lawyer Charged With Bogus BP Settlement Claims
OXFORD, MS (WCBI) – An Oxford lawyer faces federal wire fraud charges after he is accused of an elaborate scheme to defraud banks and individuals. 46 year old Tyler Smith, who has offices in Oxford and Batesville, would secure loans by pledging settlements from the BP Oil disaster as collateral. The only problem those settlements didnt exist or had already been pledged as collateral. The indictment claims Smith secured nearly $700,000 in loans using the scheme.
Below is a link to the indictment and how the scheme operated
Leave a Reply