Kimberly Ray-Duncan, 54, is charged with six counts of wire fraud, three counts of money laundering and two counts of engaging in monetary transactions involving criminally derived property.
According to the indictment, Ray-Duncan applied for and obtained loans and grants for numerous companies she said she operated, including the K Ray-Duncan Assembly Company and An AlKymAri Production LLC. Ray-Duncan allegedly made various false representations regarding the companies’ operations, number of employees and revenue figures in her applications. Ray-Duncan also attempted to substantiate the fraudulent representations by falsely preparing IRS forms and bank statements.
Ray-Duncan is accused of using the fraud proceeds to purchase a Regal 35 Sport Coupe yacht, purses by Prada, Gucci and Saint Laurent, red leather dog collars by Gucci, sunglasses by Burberry, Gucci, Giorgio Armani and Prada and scarves by MCM, Louis Vuitton, Saint Laurent, Gucci and Prada.All the news you need to know, every day