Former Georgia state lawmaker indicted for financial fraud

ATLANTA (AP) — Former Georgia state lawmaker and university regent Dean Alford has been indicted on racketeering, fraud and forgery charges relating to claims that he faked contracts while seeking money from a financial company. Tuesday’s indictment in Rockdale County follows Alford’s original arrest in October 2019. Alford is accused of transmitting fraudulent documents to prove he had future accounts worth $2.2 million as part of an effort to sell them for nearly $1.7 million. He faces up to 50 years in prison. Alford also has faced charges from the U.S. Securities and Exchange Commission for allegedly defrauding investors.

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