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Man indicted for defrauding universities | Crime

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Man indicted for defrauding universities
Man indicted for defrauding universities

FAYETTEVILLE, Ga. -- A Fayetteville man has been indicted for an alleged scheme to defraud colleges and universities planning overseas trips for their sports teams.

Dale Brannan, 65, owned a company called Transport Athletes that swindled several schools out of a total of $400,000.

"This defendant is charged with taking advantage of collegiate student-athletes, their parents and fans, and the universities they attend, all of which had paid and prepared for overseas trips, and allegedly cheated them of not only their money, but also the opportunity to compete abroad," said U.S. Attorney Sally Quillian Yates.

According to information presented in court, Brannan took money from the universities to arrange airfare and hotel reservations in Brazil, China, Finland and Italy. He then used the funds to pay both his personal expenses and the travel expenses of other schools who had earlier contracts with Transport Athletes.

Schools named in this case include Kansas State University, Minnesota State University-Mankato, Oakland University, Stonehill College and the University of New Mexico.

Shortly before the sports teams from these schools were scheduled to take their trips, Brannan called them to tell them that Transport Athletes had filed for bankruptcy and the trips were cancelled, Yates said.

Transport Athletes did indeed file for bankruptcy, and Brannan reportedly failed to disclose certain transfers and creditors in the filing.

Brannan was indicted by a federal grand jury on Sept. 13. He faces charges of bank fraud, mail fraud and bankruptcy fraud.