According to court documents, from 2011 to 2018, Jimmie Anthony “Jim” Beard, 60, of Fort Lauderdale, Florida, oversaw the City of Atlanta’s Department of Finance, in which his primary responsibility was to manage the city’s financial condition.
At least as early as 2015, Beard devised and executed a scheme to use his authority as CFO to obtain money and property from Atlanta for his own use, including to pay for thousands of dollars in personal travel expenses for himself, his family, and his travel companions, and to buy and possess restricted machine guns.
Further, while CFO, Beard submitted a 2013 personal income tax return to the IRS in which he claimed that he operated a personal business that incurred more than $33,500 in alleged losses in 2013. In 2015, while being audited in relation to these purported losses, Beard provided to the IRS receipts for airfare and hotels that Beard falsely claimed were personal business expenses. The expenses were actually paid to Beard while working for the City and using his City of Atlanta credit card.
Beard is scheduled to be sentenced on July 12 and faces a maximum penalty of 13 years in prison. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.
Principal Deputy Assistant Attorney General Nicole M. Argentieri, head of the Justice Department’s Criminal Division; U.S. Attorney Ryan Buchanan for the Northern District of Georgia; Assistant Director Michael Nordwall of the FBI’s Criminal Investigative Division; Special Agent in Charge Keri Farley of the FBI Atlanta Field Office; and Acting Special Agent in Charge Demetrius Hardeman of the IRS Criminal Investigation (IRS-CI) Atlanta Field Office made the announcement.
The FBI and IRS-CI are investigating the case.
Trial Attorney Trevor Wilmot of the Criminal Division’s Public Integrity Section and Assistant U.S. Attorneys Garrett Bradford and Tiffany Johnson for the Northern District of Georgia are prosecuting the case. Former Assistant U.S. Attorney Jeffrey Davis for the Northern District of Georgia provided valuable assistance.
