• We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.

Teacher gets 18 months in prison over her banking practices

madoka

madoka

Diamond Member
She should have claimed affluenza.

http://crimeblog.dallasnews.com/201...son-for-trying-to-hide-580000-in-income.html/

A longtime Dallas schoolteacher was sentenced Monday to 18 months in federal prison for trying to hide more than half a million dollars in income, the U.S. attorney’s office said.

Linda Nell Fantroy made 111 cash deposits totaling $580,000 between January 2010 and October 2013, according to federal authorities.

All deposits were less than $10,000 so her bank would not have to report the transactions to federal authorities, court records show. That practice is called structuring and is a federal crime.

Fantroy, 65, used some of that money to buy houses in Dallas, federal agents say. She rented some of the houses to low-income families as part of the federal housing choice voucher program administered by the Dallas Housing Authority.

Fantroy, who remains on leave, pleaded guilty in December to a charge of structuring transactions to evade reporting requirements, court records show.

She was ordered to begin serving her sentence on June 6.

Fantroy is a niece of former Dallas City Council member James Fantroy, who died in 2008 at age 71. The council member’s widow is also named Linda.

The IRS took ownership of Fantroy’s seven houses after a federal judge ordered them forfeited in January when Fantroy did not contest the government’s action.

Fantroy earned $73,748 a year as a teacher at Comstock Middle School. She has worked for Dallas ISD since 1978, serving as a principal earlier in her career, according to the district.

She asked to retire in 2005, then changed her mind. But the district would not allow her to rescind her retirement, so she was rehired, records show.

The government said the source of Fantroy’s money is unknown.

James Fantroy’s widow told The Dallas Morning News in March 2015 that she didn’t know how her niece could have earned that much money and that she knew nothing about the government’s accusations.

“This is my first time hearing it,” she said then. “It’s new to me. We’re close, but I don’t get in her personal business.”
Click to expand...
 
I do not understand why she did what she did. If the money was not "dirty" then why deposited less than $6,000 each time ($580K divide by 111 times)? Not want to pay income taxes?
 
Svnla said:
I do not understand why she did what she did. If the money was not "dirty" then why deposited less than $6,000 each time ($580K divide by 111 times)? Not want to pay income taxes?
Click to expand...

It was likely to hide the origins of the money. You don't just pay taxes on 580k without disclosing what type of income it is.
 
Clearly profits from a car wash business.

Also why not deposit the money to multiple banks and then do wire transfers? Deposits are too shady.
 
Sounds like she was involved in some form of criminal enterprise and time will tell if the investigators figure that out. The two most likely are drugs and influence peddling given her uncles position on the Dallas City Council.


Brian
 
Brian Stirling said:
Sounds like she was involved in some form of criminal enterprise and time will tell if the investigators figure that out. The two most likely are drugs and influence peddling given her uncles position on the Dallas City Council.


Brian
Click to expand...

Maybe she got lucky trading like Hillary Clinton.
 
JSt0rm said:
Was he depositing cash?

Anyways I find it funny they took 7 homes over 580k. D:
Click to expand...

She was a slumlord.

" She rented some of the houses to low-income families as part of the federal housing choice voucher program administered by the Dallas Housing Authority."
 
Svnla said:
Not want to pay income taxes?
Click to expand...

duh?

honestly, she had bad luck - it's unusual for something like this to be noticed. makes sense for someone who is going all in to try to save every last penny, and it seems like she probably was, as the buy-to-rent-slums scheme is the hallmark of those who want to succeed quickly, rather than in the long run.. like for example, Alan Sugar.
 
Last edited:
Mike64 said:
Why is her being a teacher important enough to get space in the headline?😕
Click to expand...

I think because of the irony. Teachers are not known for being rich. Quite the opposite, they are stereo-typically underpaid. So when a teacher suddenly deposits a half million, it makes more sense to investigate and thus more interest to readers. If it said "plastic surgeon deposits half mil" no one would bat an eye.

My guess on what happened. After her uncles death, she finds her uncles secret stash of cash which he received from bribes while on the Dallas City Council. Or maybe its sales from her lemonade stand.
 
It couldn't have been from her primary work. She would have been paid through the government and issued a W2. So it must have been through some side business. IMO, there is probably an ongoing investigation and the easiest way to get her in prison was to use the tax evasion laws.
 
You must log in or register to reply here.

TRENDING THREADS

Back
Top