WCAV-WVAW-WAHU | Charlottesville, Virginia | News, Weather & Sports

Real Estate Developer Pleads Guilty to Fraud

March 8, 2013

An Albemarle County real estate developer has changed his plea to guilty on fraud charges.

Michael Wayne Harding entered the plea on Friday. He admitted he committed wire fraud and bankruptcy fraud.

Harding is the brother of Albemarle County Sheriff Chip Harding.

Michael Harding was looking to develop land near the Shadwell bridge inerchange on I-64 and another lot on 29 North.

The charges allege about $256,000 worth of loans for development were deposited into Harding's own account.

"Throughout this period of time, Mr. Harding essentially lived a lavish lifestyle and one he could not sustain with legitimate income," said U.S. Attorney Tim Heaphy. "A big house in Glenmore. He spent about $400,000 on race horses. A lot of his money went to casinos at the Greenbrier and at the Palms in Turks and Caicos."

As part of the plea deal the prosecution reduced the time Harding could serve, from 25 years to nearly five years in federal prison.


The comments sections of Newsplex.com are designed for thoughtful, intelligent conversation and debate. We want to hear from our viewers, but we only ask that you use your best judgment. E-mail is required, but will not be displayed with comment.

  • Comments cannot be profane or vulgar. We will not post comments that use profanity or cross the lines of good taste.
  • We will not post comments that use hate speech. Slurs, stereotypes and violent talk aren’t welcome on our website.
  • Comments should not attack other readers or people featured in our stories personally. Any accusations should be backed up with facts.
  • Any comment we post will be posted in its entirety. We do not edit any comment that we post.
     
  • Comments should contribute to the discussion. We will not post comments that don't advance the discussion. Flaming and/or trolling will not be tolerated.
     
  • Comments should not attack other posters. Let's keep the focus on the content of the story.

    As a host Newsplex.com welcomes a wide spectrum of opinions. However this is a site that we host. We have a responsibility to all our readers to try to keep our comment section fair and decent. For that reason The Newsplex reserves the right to not post or to remove any comment.

    If you have any ideas to improve the conversation or this section let us know. Send an e-mail to webmaster@newsplex.com.

 

powered by Disqus
The Charlottesville Newsplex 999 2nd Street S.E. Charlottesville, VA 22902 434.242.1919 – Main 434.220.7522 - Newsroom
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 196572511