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C. Dean Alford | |
|---|---|
| Born | (1953-07-17)July 17, 1953 (age 72) Atlanta, Georgia |
| Alma mater | Georgia Institute of Technology (Georgia Tech) |
| Known for | President and CEO of Allied Energy Services, LLC[1]; American politician and businessman |
Clarence "Dean" Alford (born July 17, 1953) is a formerRepublican Party member of theGeorgia General Assembly and convicted criminal.
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 severalCoal-fired power plants in Georgia, which plants have been found to cause hundreds of thousands of early deaths each year, mainly fromair pollution,[1] 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 fortheft andracketeering, 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.[2]
TheState of Georgia arrested Alford on allegations heforged a state employee’s signature, committedracketeering, and filedfraudulent 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.[3][4]
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,[5] 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 running the Ponzi scheme.[6]
Alford graduated from Walker High School, which has since been renamed McNair High School, in DeKalb County in 1971. He then attendedGeorgia Tech, where he graduated with a Bachelor of Science in Electrical Engineering in 1976 and also served as the Chapter President ofBeta Theta Pi (Gamma Eta Chapter).[citation needed]
Alford founded A&C Enercom in 1978. He has served as the president and CEO of Allied Energy Services, LLC since 2000.[7]
From 1983 until 1993, Alford was a five-term member of theGeneral Assembly in Georgia. Alford represented the 57th district, post 3,[8] and served as chairman of the Energy Subcommittee, chairman of theMetropolitan Atlanta Rapid Transit Authority Oversight Committee, and as chairman of the DeKalb and Rockdale County Legislative Delegation.[citation needed]
It was reported by theAtlanta Journal-Constitution on October 3, 2019, that theAttorney General of Georgia andGeorgia Bureau of Investigation issuedarrest warrants for Alford on suspectedracketeering and criminal attempt to committheft by taking 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.
One document is alleged to have falsely asserted that theUniversity of Georgia 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 receivablesfraud involvingGeorgia Military College,Synovus andInman Solar Inc. to obtain a total of about $2,200,000 for his Allied Energy Services company.[10][4] 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 enforcement in any capacity necessary throughout the investigation.”[10]
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 federal court in the Northern District of Georgia accusing Alford of failing to repay a total of $160,000.[5]
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."[11] Alford was accused of using money he raised 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.[6]
In 2021, Alford was sentenced to 8 years in prison.[12]
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.[13]
Alford’s wife, Debbie Dlugolenski Alford, the former head of theGeorgia Lottery, has filed for divorce.[5]