WVMC owner Williams pleads guilty to federal wire fraud and money laundering charges
Faces up to 40 years in prison, $750K fine and restitution
The owner of a Mt. Carmel, Ill. radio station* has pleaded guilty to federal wire fraud and money laundering charges, WROY/WRUL News reports this afternoon.
Kevin Williams, 53, was indicted in January by a federal grand jury following an investigation into his relationship with an elderly Mt. Carmel resident. Williams admitted in court, the report states, that he "engaged in a lengthy scheme to defraud the victim, by stealing her money while she was alive and altering her will and trust documents so that he would stand to inherit more of her money upon her demise."
Williams faces up to 40 years in prison, a fine of up to $750,000, and payment of restitution to the victim, the IRS, a former employee and the State of Illinois.
He will be sentenced Sept. 26.
* Williams, an accountant by trade, through Wabash Communications owns WVMC (1360 AM), which is currently operated alongside Withers Broadcasting station WYNG (94.9 FM) in Mt. Carmel under a time brokerage agreement and special temporary authority. That's the case while the FCC sorts out what to do about WVMC's now-canceled license, which was turned in by an unauthorized third party three years ago. There's been no word on that for some time now.