Former Craighead County Clerk Kade Holliday has been indicted by a federal grand jury for multiple counts of wire fraud.
The U.S. Attorney’s Office for the Eastern District of Arkansas announced that Holliday had been indicted by the grand jury on Dec. 1 on 11 counts of wire fraud. Holliday alleged embezzled more than $1.4 million in public funds while serving as county clerk.
Holliday was first arrested on Monday, June 29 and was charged with multiple felonies. In a statement, 2ndJudicial District of Arkansas prosecuting attorney said in June that Craighead County Judge Marvin Day and Arkansas Division of Legislative Audit officials had uncovered questionable bank records for one of Holliday’s county clerk accounts.
This triggered an investigation for the Arkansas State Police Criminal Investigative Division. The Federal Bureau of Investigation also joined in the investigation.
“Without the diligent efforts of our partners at the Arkansas State Police, Mr. Holliday’s alleged theft of over $1.4 million from the citizens of Craighead County would not have been uncovered,” FBI Special Agent in Charge Diane Upchurch said. “Every day, we work closely with our state partners to protect Arkansans from crimes like the ones alleged in this case.”
The investigation revealed that Holliday transferred county funds to his personal and business accounts from Jan. 29, 2020 to June 24, 2020. The 11 wire fraud counts correspond to the 11 transactions that Holliday made during this period.
According to a news release from the U.S. Attorney for Eastern Arkansas’ Office, the maximum penalty for wire fraud is “not more than 20 years’ imprisonment, a fine of not more than $250,000, and not more than three years of supervised release.”
Holliday is scheduled to appear before U.S. Magistrate Judge Joe J. Volpe on Dec. 17 for a plea and arraignment proceeding. Assistant U.S. Attorney Allison W. Bragg will be prosecuting the case against Holliday.
“We take all allegations of undermining public trust very seriously,” U.S. Attorney for the Eastern District of ArkansasCody Hiland said in a statement. “In this case and in all potential cases, any reports of public corruption will be thoroughly investigated by our office with the help of our law enforcement partners.”