Olive Barrington King Pleaded Guilty – Theft Government Funds

Orlando, FL (STL.News) United States Attorney Roger B. Handberg announces that Oliver Barrington King (44, Deland) has pleaded guilty to theft of government funds.  King faces a maximum penalty of 10 years in federal prison.  In addition, King has agreed to forfeit $16,618.91, the amount he obtained as a result of the offense.  A sentencing date has not yet been scheduled.

According to the plea agreement, King was the property manager for an apartment complex that received Section 8 project-based rental assistance funding from the Department of Housing and Urban Development (HUD).  As a property manager, King had access to HUD funding and misappropriated the government funds for his own unjust enrichment.

This case was investigated by the Department of Housing and Urban Development – Office of Inspector General.  It is being prosecuted by Assistant United States Attorney Shannon Laurie.

SOURCE: U.S. Department of Justice