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On July 30, 2020, the U.S. Securities and
Exchange Commission announced charges against Alford relating to a Ponzi scheme. Alford is accused of "defrauding at least 100 investors in his now-bankrupt energy development company, Allied Energy Services LLC." Alford was accused of using money he raised
412:
Later in
October 2019, approximately 40 investors filed a lawsuit against Alford in federal court in the Middle District of Georgia, alleging Alford took $ 6 million from them through a Ponzi scheme. This was followed in January 2020 with a lawsuit against Alford by three Virginia residents filed in
253:
Alford is also a defendant in two federal lawsuits, one by multiple investors accusing him of operating a Ponzi scheme, and one by creditors, while in July 2020, he agreed with the U.S. Securities and
Exchange Commission to the entry of a consent judgment that he violated federal anti-fraud laws by
408:
to obtain a total of about $ 2,200,000 for his Allied Energy
Services company. Don Waters, chairman of the Georgia Board of Regents, related that “The allegations brought against Dean Alford, who resigned from the Board today, are shocking and deeply upsetting. We will continue assisting law
391:
should pay
Versant $ 487,982.88 to satisfy a debt owed to Alford’s own company, Allied Energy Services, LLC, located in Rockdale County. Alford allegedly forged a university employee’s signature on the document. Alford is alleged to have also perpetrated further receivables
213:
Alford is the president and chief executive officer of Allied Energy
Services, LLC and spokesman for Power4Georgians, LLC, which company was originally organized by an employee of Allied Energy Services, LLC. Power4Georgians seeks to develop several
417:
to make interest payments to earlier investors and for personal expenses, such as building a multi-million dollar home. Alford agreed to entry of a consent judgment that he violated federal anti-fraud laws by running the Ponzi scheme.
249:
invoices to show account collectibles of $ 2,200,000 in taxpayer and other companies' funds for his company, Allied Energy
Services, LLC., to sell the false collectibles at a discount to Versant, a collectibles purchaser.
222:, with efforts of Power4Georgians resulting in some members withdrawing because of the uncertainty over carbon emissions, resulting in possible corruption, resulting in an organizer of Power4Georgians being indicted for
383:
charges. It is alleged that Alford created fraudulent invoice acknowledgement forms, dated Sept. 24, to submit to
Versant, a financial services company that buys accounts receivable at a discount, state officials said.
347:
invoices to show account collectibles of $ 2,200,000 in taxpayer and other companies' funds for his company, Allied Energy
Services, LLC., to sell the false collectibles at a discount to Versant, a collectibles
618:
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Alford helped start the
Miracle League, an organization that provides baseball fields for children with mental and physical disabilities, creating more than 240 baseball fields in the U.S. and Canada.
53:
230:, and resulting in an administrative law judge's ruling that environmental regulators had failed to properly review a proposed coal-fired power plant's plans that could affect water quality.
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as member of the Georgia Technology Authority (GTA) and served in this capacity until 2003. GTA is responsible for all aspects of technology procurement and policy for the State of Georgia.
847:
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to chair the Governor's Education Finance Task Force. The Task Force has been charged with the task of developing a new funding formula for the K-12 system of Georgia.
451:
Gençsü, Shelagh; Ipek, Whitley; Roberts, Leo; Beaton, Christopher; Chen, Han; Doukas, Alex; Geddes, Anna; Gerasimchuk, Ivetta; Sanchez, Lourdes; Suharsono, Anissa.
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Alford graduated from Walker High School, which has since been renamed McNair High School, in DeKalb County in 1971. He then attended
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33:
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in Georgia. Alford represented the 57th district, post 3, and served as chairman of the Energy Subcommittee, chairman of the
282:
Alford founded A&C Enercom in 1978. He has served as the president and CEO of Allied Energy Services, LLC since 2000.
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in Georgia, which plants have been found to cause hundreds of thousands of early deaths each year, mainly from
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federal court in the Northern District of Georgia accusing Alford of failing to repay a total of $ 160,000.
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453:"Executive Summary June 2019 - G20 coal subsidies - Tracking government support to a fading industry"
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Oversight Committee, and as chairman of the DeKalb and Rockdale County Legislative Delegation.
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Georgia State Board of Education: Served as a member from September 2003 to December 2006.
8:
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749:"SEC Charges Former Georgia State Legislator With Defrauding Investors in Ponzi Scheme"
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from 2012 until he resigned in 2019 amid a state investigation into allegations of
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583:"After decades of public service, legal woes mount for deposed Georgia Regent"
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619:"Former Ga. Regent agrees to deal on $ 23 million Ponzi scheme charges"
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enforcement in any capacity necessary throughout the investigation.”
649:"Energy Company | United States | Allied Energy Services"
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Department of Technical and Adult Education: Appointed by Governor
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Georgia Technology Authority: Alford was sworn in 1999 by Governor
551:"Warrant: Former Ga. Regent claimed work at UGA, military college"
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Alford’s wife, Debbie Dlugolenski Alford, the former head of the
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Governor's Education Finance Task Force: Appointed by Governor
462:. ODI / NRDC / IISD / Oil Change International. Archived from
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from the article and its talk page, especially if potentially
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From 1983 until 1993, Alford was a five-term member of the
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One document is alleged to have falsely asserted that the
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786:"Ga. Regents member resigns amid state investigation"
724:"Ga. Regents member resigns amid state investigation"
519:"Ga. Regents member resigns amid state investigation"
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Georgia (U.S. state) politicians convicted of crimes
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Georgia Official and Statistical Register 1983–1984
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420:In 2021 Alford was sentenced to 8 years in prison.
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to serve on the board of directors in January 2007.
190:President and CEO of Allied Energy Services, LLC
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792:. Cox Media Group / Atlanta Journal Constitution
694:"The Governor's Task Force on Education Funding"
557:. Cox Media Group / Atlanta Journal Constitution
700:. Professional Association of Georgia Educators
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525:. Cox News Group/Atlanta Journal Constitution
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343:of a state employee’s signatures and filing
296:Metropolitan Atlanta Rapid Transit Authority
771:"Former Regent gets 8-year prison sentence"
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56:about living persons that is unsourced or
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127:Learn how and when to remove this message
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241:a state employee’s signature, committed
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353:Criminal Allegations and Civil Actions
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193:; American politician and businessman
784:Eric Stirgus &, Greg Bluestein.
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18:
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16:American politician and businessman
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581:Stirgus, Eric (January 18, 2020).
277:
237:arrested Alford on allegations he
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202:(born July 17, 1953) is a former
838:Georgia (U.S. state) Republicans
790:The Atlanta Journal-Constitution
728:The Atlanta Journal-Constitution
722:Stirgus, Bluestein; Eric, Greg.
623:The Atlanta Journal-Constitution
588:The Atlanta Journal-Constitution
555:The Atlanta Journal-Constitution
523:The Atlanta Journal-Constitution
423:
23:
763:
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617:Stirgus, Eric (July 31, 2020).
489:"POWER4Georgians - SourceWatch"
379:and criminal attempt to commit
369:Georgia Bureau of Investigation
180:Georgia Institute of Technology
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667:
641:
517:Eric Stirgus, Greg Bluestein.
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1:
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363:on October 3, 2019, that the
828:People from Conyers, Georgia
360:Atlanta Journal-Constitution
34:biography of a living person
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365:Attorney General of Georgia
61:must be removed immediately
10:
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302:Other political experience
254:running the Ponzi scheme.
434:, has filed for divorce.
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833:Politicians from Atlanta
751:. SEC.gov. July 30, 2020
398:Georgia Military College
375:for Alford on suspected
333:Georgia Board of Regents
258:Early life and education
210:and convicted criminal.
208:Georgia General Assembly
357:It was reported by the
216:Coal-fired power plants
200:Clarence "Dean" Alford
48:Please help by adding
389:University of Georgia
54:Contentious material
843:Georgia Tech alumni
773:. October 11, 2021.
655:on February 3, 2018
595:on January 18, 2020
286:Legislative career
629:on August 1, 2020
495:. SourceWatch.org
272:Gamma Eta Chapter
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469:on June 26, 2019
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406:Inman Solar Inc.
292:General Assembly
235:State of Georgia
204:Republican Party
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50:reliable sources
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373:arrest warrants
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182:(Georgia Tech)
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145:C. Dean Alford
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58:poorly sourced
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220:air pollution
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163:(age 71)
161:July 17, 1953
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794:. Retrieved
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731:. Retrieved
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657:. Retrieved
653:the original
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631:. Retrieved
627:the original
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597:. Retrieved
593:the original
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559:. Retrieved
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527:. Retrieved
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497:. Retrieved
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471:. Retrieved
464:the original
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377:racketeering
358:
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337:racketeering
326:Sonny Perdue
319:Sonny Perdue
289:
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264:Georgia Tech
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252:
245:, and filed
243:racketeering
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228:racketeering
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117:October 2019
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43:verification
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818:1953 births
659:February 2,
812:Categories
796:October 4,
755:August 31,
733:October 5,
704:October 5,
561:October 5,
529:October 4,
499:October 4,
473:October 5,
438:References
396:involving
348:purchaser.
345:fraudulent
309:Roy Barnes
247:fraudulent
157:1953-07-17
87:newspapers
698:ciclt.net
633:August 1,
599:August 1,
170:, Georgia
39:citations
65:libelous
460:odi.org
402:Synovus
371:issued
341:forgery
168:Atlanta
101:scholar
239:forged
103:
96:
89:
82:
74:
680:(PDF)
467:(PDF)
456:(PDF)
394:fraud
224:theft
108:JSTOR
94:books
32:This
798:2019
757:2022
735:2019
706:2019
661:2018
635:2020
601:2020
563:2019
531:2019
501:2019
475:2019
404:and
367:and
233:The
226:and
151:Born
80:news
41:for
274:).
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