Date: 07-10-2024

Case Style:

United States of America v. Cecil Wayne Sanford

Case Number:

Judge: Annemarie Carney Axon

Court: The United States District Court for the Northern District of Alabama

Plaintiff's Attorney: The United States Attorney’s Office for Birmingham, Alabama

Defendant's Attorney:

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Description:

Birmingham, Alabama criminal defense lawyer represented the Defendant charged with $1.2 Million-Dollar Fraud
Birmingham Home Builder Sentenced For $1.2 Million-Dollar Fraud

A Birmingham-area man has been sentenced for defrauding more than a dozen victims whose homes he had promised to build, announced U.S. Attorney Prim F. Escalona and Federal Bureau of Investigation Special Agent in Charge Carlton L. Peeples.

U.S. District Judge Annemarie Carney Axon sentenced Cecil Wayne Sanford, 58, of Birmingham, to 58 months in prison. Sanford was also ordered to pay forfeiture and restitution of about $1.27 million. In April 2024, Sanford pleaded guilty to wire fraud.

According to the plea agreement, Sanford was a residential builder in Alabama who operated through his business, Stone Pointe Builders, LLC. Between 2020 and early 2022, more than a dozen victims in the Birmingham area contracted with Sanford to build their homes and paid Sanford substantial sums of money (tens of thousands of dollars or more). Yet the victims saw little or no work done despite Sanford’s representations, draws on their construction loans, and invoices for construction-related expenses. Sanford made statements to victims about how their funds would be used and then spent the money in other ways. In February 2022, days after closing with a family on a construction contract and collecting more than $27,000 from the family as a down payment, Sanford moved $10,000 into his personal bank account, withdrew it, abruptly closed the business, and left town.

The FBI investigated the case. . The Alabama Home Builders Licensure Board assisted in the investigation. Assistant U.S. Attorney J. B. Ward prosecuted the case.

Outcome:

Defendant was found guilty and sentenced to 58 months in prison. Sanford was also ordered to pay forfeiture and restitution of about $1.27 million.

Plaintiff's Experts:

Defendant's Experts:

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