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Former Richmond construction exec faces criminal charges

Patrick Lindsey was charged with fraud.
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Posted at 8:39 AM, Feb 21, 2020
and last updated 2020-02-21 08:39:14-05

RICHMOND, Va. -- Nearly two years to the day after MGT Construction toppled into bankruptcy in the face of a massive accounting scandal, federal authorities have charged one of the alleged conspirators with criminal fraud.

Patrick Lindsey, who until 2016 was a vice president at Thalhimer-owned MGT, was charged Tuesday by the U.S. Attorney’s Office with one count each of bank fraud and wire fraud.

Lindsey and “others known and unknown” allegedly orchestrated a five-year scheme that manipulated MGT’s books by moving expenses from one construction project to another in order to make completed jobs appear more profitable.

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