County Man Arrested in Federal Mail Fraud Scheme
BEAUMONT, Texas – A 42-year-old Beaumont, Texas doctor has been arrested on
federal charges in the Eastern District of Texas, announced Acting U.S.
Attorney Brit Featherston today.
Westley Judy Pollard, Jr., was
indicted by a federal grand jury on July 6, 2017 and charged with 11 counts of
mail fraud. Pollard was arrested in Beaumont this morning and went before
U.S. Magistrate Judge Zack Hawthorn for an initial appearance.
According to the indictment, from
2011 to 2016, Pollard worked as a salesperson in the rare and precious coin
field. During this time, Pollard was employed by various coin companies
in Beaumont, Texas and the surrounding area, where he sold coins to individual
investors. Beginning in early 2014, Pollard began contacting prior
customers and telling them that he could find a purchaser for their coin collections
at significantly higher prices than they originally paid, or that he could get
their coins re-graded to a higher level of condition, which would increase
their value. At Pollard’s direction, the customers would allow him to
take possession of their coins so that he could sell or re-grade them, and then
return the proceeds or re-graded coins to them. Pollard directed the
customers to mail the coins to him via FedEx, or, in some instances, he would
take possession directly from the customer. After receiving the coins,
Pollard would then sell them to pawnshops or other coin retailers, at
significantly lower prices than the investors originally paid and without their
consent, using the proceeds from the sales for his personal benefit. In
connection with this scheme, Pollard convinced four customers to send him their
coins, with an approximate combined value of $5,480,000.
If convicted, Pollard faces up to
20 years in federal prison.
This case is being investigated by
the Federal Bureau of Investigation and is being prosecuted by Assistant U.S.
Attorney Christopher T. Tortorice.
indictment is not evidence of guilt. All defendants are presumed innocent
until proven guilty beyond a reasonable doubt in a court of law.
Public Information Officer/Law Enforcement Coordinator
U.S. Attorney's Office
Eastern District of Texas