LOUISVILLE, KY - A federal grand jury in Louisville returned an indictment against Jerry Thomas Vincent, Jr., age 53, of Louisville, Kentucky, in Jefferson County, on charges of embezzling labor union funds, illegal labor union loans, and criminal recordkeeping violations, David J. Hale, United States Attorney for the Western District of Kentucky announced today.
The Indictment alleges that from October 5, 2009, through on or about August 17, 2011, Vincent embezzled approximately $17,272.84 in union funds from Teamsters Local 783, arranged $23,760 in illegal loans from the union local to himself from November 11, 2009 through July 28, 2011, and committed 13 criminal violations related to union records from October 5, 2009 through June 17, 2011.
Specifically, Vincent allegedly made false entries on credit card receipts, claiming false business purposes for transactions at Louisville restaurants and on four occasions Vincent allegedly caused the labor union to make loans to him in the amount of $2,970.00 and on July 14, 2011, caused the labor union to loan him $11,880.00.
In the event of a conviction, the maximum potential penalties are twenty-three years? imprisonment, a $2,050,000 fine, and supervised release for a period of three years.
The case is being prosecuted by Assistant United States Attorney Jason Snyder, and it was investigated by the United States Department of Labor, Office of Labor-Management Standards.
Vincent is scheduled to appear for arraignment before United States Magistrate Judge Dave Whalin on July 22, 2014, in Louisville, Kentucky.
The indictment of a person by a Grand Jury is an accusation only and that person is presumed innocent until and unless proven guilty.