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A former NFL linebacker has been charged with embezzling loan proceeds from two commercial real estate projects in Virginia and North Carolina, allegedly helping himself to Rolex watches and paying off personal debts with the funds.
C.A. Harrison Cos. founder Chris Harrison is accused of misappropriating $14.5M from the Model Tobacco project in Richmond, Virginia, and $7.7M from the Whitaker Park project in Winston-Salem, North Carolina, according to a grand jury indictment announced Wednesday by the U.S. Attorney’s Office for the Eastern District of Virginia.
The developer is being charged with wire and mail fraud, engaging in monetary transactions with criminally derived property, and aggravated identity theft. Harrison could face decades in prison if found guilty on all charges.
Under the loan terms, Harrison wasn’t supposed to pay himself or affiliated entities “any construction, management, development or contractor fees” from the proceeds.
But Harrison allegedly skimmed loan proceeds by creating a straw demolition company, Virginia Demolition LLC, and falsifying and forging documentation to show that the company worked on both projects.
