Six months after multiple assets were seized, parties in the RICO case against former Floyd County Schools employee Derry Richardson reached an agreement on a plan to dispose of the property.
A civil hearing was held Monday to arrive at a workable plan, according to Maj. Mark Wallace of the Floyd County Police Department.
Richardson agreed to forfeit his Summerville home, which the family is still living in. It will be sold, along with other items currently filling two rented storage facilities, Wallace said.
Court-appointed receivers Brian Bojo and Chris Jackson, both local attorneys, will decide on how the property is dispersed, Wallace said, but he expects the property will go up for auction. Proceeds will be returned to the Floyd County Board of Education.
Richardson, former maintenance director for Floyd County Schools, is accused of stealing at least $600,000 from the school system using fraudulent purchase orders. He and four other employees resigned from Floyd County Schools in April after officials announced a criminal investigation into questionable purchasing practices was ongoing.
Richardson and several other people and businesses are facing civil accusations under the Georgia Racketeer Influenced and Corrupt Organizations Act.
No criminal charges have been filed.
“The criminal investigation is still ongoing,” said Wallace. “This is a massive case that we work on every day. We want to make sure we get to the bottom of this.”
Wallace said the police department has hired temporary personnel and rearranged staff to handle the extra work involved in the case.
“Charges are forthcoming,” he said. “I really expect we will start seeing arrests before the end of the year.”