Thursday, October 28, 2021

Former Front Royal EDA executive director indicted on fraud, money laundering charges

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The former executive director of the Front Royal-Warren County Economic Development Authority now faces federal fraud and money laundering charges.

A grand jury in the U.S. District Court for the Western District of Virginia in Harrisonburg handed up a 34-count indictment on Tuesday charging Jennifer Rae McDonald with wire fraud, bank fraud, aggravated identity theft and money laundering.

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The indictment accuses McDonald of devising and participating in schemes in which she used EDA money to make payments on personal credit cards and toward balances of credit cards of family members.

McDonald created false documents, including invoices and real estate documents, to disguise them, the indictment states. She also forged the names of others to disguise and to effect the fraud scheme, the indictment states.

McDonald submitted false documents to bank employees, auditors and settlement agreements to effect the fraud scheme, the indictment states. She also caused wire transfers, withdrawals of funds, deposits of checks, the issuance of cashier’s checks and payments to financial institutions to carry out the fraud.

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