A South Carolina man accused of stealing millions from a state of Delaware bank account used to pay child support to parents and guardians has been indicted in Florida.
Brandon Swain, 53, of Columbia, South Carolina, was indicted in early August on eight counts of bank fraud. The indictment was unsealed last week.
According to the indictment, the scheme began in April 2021 and continued through late May 2022. In total, Swain stole $2.7 million from the Delaware Division of Child Support Services, prosecutors said.
How did the scheme unfold?
The indictment does not say how Swain obtained the Division of Child Support Services’ bank account information, but he’s accused of directly transferring the funds from the account, held at PNC Bank, to what prosecutors call “Company 1.”
The business was a timeshare resort company headquartered in Orlando, Florida.
Court documents say that on numerous occasions, Swain transferred out $20,000 at a time to the company. He’s then accused of using the funds to purchase various timeshares in the Orlando area and elsewhere.