Company owner must repay $500K to TDOT

NASHVILLE, Tenn. (AP) -- Law enforcement officials say the owner of a company hired to purchase land for state road projects must repay more than $500,000 to the Tennessee Department of Transportation after admitting to embezzlement.

Internal Revenue Service Special Agent Jim Runkle said in an affidavit that 53-year-old Michael Wayne Young, president of Brentwood-based Capitol Consultants Inc., told investigators he was "robbing Peter to pay Paul" by taking state money from 2004 to 2011 originally intended for buying property for roads.

Young has been a TDOT right of way division consultant/contractor for 19 years. Investigators determined that money given to Young within the past year was used to buy land that it was not intended for.

Assistant U.S. Attorney Debra Phillips told The Tennessean that any criminal prosecution of Young is pending.


Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to webmaster@wvlt-tv.com. Please provide detailed information.

powered by Disqus

WVLT VOLUNTEER TV

6450 Papermill Drive Knoxville, TN 37919 Phone - (865) 450-8888; Fax - (865) 450-8869
Gray Television, Inc. - Copyright © 2014 WVLT-TV Inc. - Designed by Gray Digital Media - Powered by Clickability 175081441 - local8now.com/a?a=175081441