Woman Sentenced for Role in Bank Fraud Conspiracy
Tyler, Texas
   
 
More Today's News:
ߦ   The Story of Herman Youngst, Badge No. 5, Houston Police Dept
ߦ   2nd Kansas sheriff's deputy dies after shooting
ߦ   Body of Missing Female discovered in field, Investigation On-going
ߦ   Gang member gets 45 years for fatal head-on crash
ߦ   Jury selection process begins for ex-cop charged with murder
ߦ   Jury Sentences Man To 4 Years For Assaulting Police Officer
ߦ   Missing Swimmer’s Body Found in Peach Creek
ߦ   Reward Increased to $10,000 for Most Wanted Sex Offender from North Texas
ߦ   San Antonio police escort daughter of fallen officer to graduation
ߦ   Texas Municipal Police Association PAC Endorses Governor Greg Abbott For Re-election
ߦ   Texas police dress up as superheroes, surprise kids at children's hospital
ߦ   Trespassers cause damage at construction site
ߦ   Woman accuses fiance, a police officer, of assault
ߦ   Deputies Tase Shoplifter In Target Parking Lot
ߦ   2018 Texas CPAAA and Law Enforcement Training Convention
ߦ   CAT team on the prowl for contraband at Bexar County jail
ߦ   Coast Guard medevacs mariner near Cameron, Louisiana
ߦ   COLD CASE FILES: Mysterious unsolved deaths in the Houston area
ߦ   Drunk Driver Crashes Into Constables Patrol Car
ߦ   Federal appeals panel: LRADs can be considered excessive force
ߦ   Fla. man killed, officer wounded while exchanging gunfire
ߦ   Galveston County Commissioners Court Agenda - June 18
ߦ   Government regulations target kids and their lemonade stands
ߦ   Houston police officer buys groceries for man targeted by thief at Walmart
ߦ   Mexican Citizen Sentenced to 235 Months in Federal Prison For His Role in a Methamphetamine Distribution Conspiracy
ߦ   Neighbors describe chaotic scene after more than 50 immigrants found in truck
ߦ   Not All Heroes Wear Capes
ߦ   Police union outraged over SC high school’s summer reading list
ߦ   Search underway for escaped inmate who vanished from Memorial Hermann Hospital in The Woodlands
ߦ   Texas City Police Chief Announces Retirement
ߦ   Texas Military Bases Possible Tent Cities for Immigrant Children
ߦ   Forensic team reveals new details in investigation of severed head found in trash bag at Lake Houston
ߦ   Investigation into Male Found Deceased at 1831 West 23rd Street
ߦ   Person of interest named in case of missing Bexar County 15-year-old
ߦ   “Affluenza Mom” Back In Jail

   Next >>
 
Search Archives:

TYLER, Texas – A 44-year-old Dallas woman has been sentenced to federal prison for violations in the Eastern District of Texas, announced Acting U.S. Attorney Brit Featherston today.

 

Rachelle Dashner pleaded guilty on May 18, 2017, to conspiracy to commit bank fraud and was sentenced to 21 months in federal prison today by U.S. District Judge Thad Heartfield. Dashner was also ordered to pay restitution in the amount of $7,691,106.50.

 

According to information presented in court, in the summer of 2013, Albert Davis, 56, formerly of Richardson, Texas, and David Tayce, 67, of Lucas, Texas, approached Community Trust Bank regarding financing for iHeart Care cardiovascular surgical centers that Davis planned to develop across North Texas. The plan, as outlined by Davis, was to open multiple iHeart cardiovascular surgical centers and team up with physicians at each location who would invest in the surgical centers and refer patients to the cardiovascular practices.  Over the course of the next year, Davis, Tayce, and Dashner prepared loan documents related to various iHeart Care locations in Denton, Ennis, Mesquite, and Mansfield.  Davis and Dashner identified numerous physicians as guarantors in the loan documents without the physicians’ knowledge and authorization.  The loan documents were submitted to Community Trust Bank, and based upon various false and fraudulent representations, Community Trust Bank funded numerous loans to iHeart.  In many instances, the iHeart facilities for which financing was obtained were never built or made operational.  In total, Davis, Tayce, and Dashner submitted fraudulent loan documents to Community Trust Bank and secured five fraudulent loans totaling over $7,500,000.

 

Davis, Tayce, David Hernon, 56, of Fishers, Ind. (formerly of Richardson, Texas), and Richard Bryant, 41, and his wife, Christina Bryant, 41, both of Sachse, Texas, were charged in a related case in the Western District of Missouri for conspiring to commit wire fraud.  From 2008 to 2015, Davis and his co-conspirators engaged in a scheme to use Cerner Corporation’s reputation and standing in the medical field to manipulate business transactions and court proceedings in their favor. 

 

On Apr. 24, 2017, Davis, was sentenced by U.S. Chief District Judge Greg Kays in the Western District of Missouri to 12 years in federal prison. The court also ordered Davis to pay $19,151,555 in restitution to the victims of the fraud scheme.

 

On Apr. 25, 2017, Tayce, Hernon, Richard Bryant, and Christina Bryant were sentenced in separate appearances before Judge Kays.  Tayce was sentenced to five years and six months in federal prison and ordered to pay $19,151,555 in restitution. Hernon was sentenced to four years and four months in federal prison and ordered to pay $6,487,224 in restitution. Richard and Christina Bryant were each sentenced to five years of probation and ordered to pay $8,079,197 in restitution.

 

In a related matter, in 2011, Davis, through his company, LBDS Holding Company, LLC, filed a civil trade secrets lawsuit against Korean-company ISOL Technology, Inc. (LBDS Holding Company, LLC v. ISOL Technology, Inc., et al., Case No. 6:11-CV-428) in the Eastern District of Texas.  During the 2014 trial of the case, Davis and Hernon testified falsely about business dealings with Cerner Corporation and offered false exhibits to support LBDS’s claim of damages.  At the conclusion of the trial, the jury awarded LBDS a verdict of $25 million.  When the perjury was discovered, attorneys for ISOL filed an emergency motion for sanctions against LBDS.  The district court vacated the verdict, dismissed LBDS’s case with prejudice, and awarded ISOL $738,706.47 in attorney’s fees.

 

In 2015, Davis and Hernon were charged in the Eastern District of Texas with making false declarations before court.  Hernon pleaded guilty and was sentenced on June 13, 2017, to 15 months.  Davis pleaded guilty on June 19, 2017, and awaits sentencing.  

 

This case was investigated by the Federal Bureau of Investigation.  It was prosecuted by Assistant U.S. Attorney Nathaniel C. Kummerfeld, in cooperation with Assistant U.S. Attorney Matthew P. Wolesky of the Western District of Missouri and Assistant U.S. Attorney Kimberly Davis of the Western District of Arkansas.

 

####

 

 

Davilyn Walston

Public Information Officer/Law Enforcement Coordinator

U.S. Attorney's Office

Eastern District of Texas

Post a comment
Name/Nickname:
(required)
Email Address: (must be a valid address)
(will not be published or shared)
Comments: (plain text only)
Printer Friendly Format  Printer Friendly Format    Send to a Friend  Send to a Friend    RSS Feed  RSS Feed
  Facebook   Share link on Twitter Tweet  
© 1999-2018 The Police News. All rights reserved.