After three years and two federal court mistrials, the fraud case against two Loudoun businessmen has ended in a plea deal and the forfeiture of $7.63 million in cash.
Under the terms of the agreement, approved by a federal judge in the Eastern District of Texas on Monday, Edward Walsh Vaughan and Hadi Akkad will each serve three years of probation for convictions wire fraud.
The action allows the men to keep property that had been targeted for forfeiture by federal authorities, including Vaughan’s Flying Ace Farm distillery and brewery near Lovettsville and Akkad’s Droumavalla Farms winery and event center near Lucketts. The initial forfeiture action also involved other properties they own in Loudoun County, Washington, DC, and California; luxury vehicles; and jewelry…