ORLANDO, Fla. – A federal grand jury has handed up an indictment charging 54-year-old Robert Lee Craddock of Port Orange with wire fraud arising out of a scheme to defraud the compensation fund established as a result of the Deepwater Horizon oil spill in 2010.
If convicted, Craddock, who also may have a residence in Daytona Beach Shores, faces a maximum penalty of 20 years in federal prison. The indictment also notifies Craddock that the Office of US Attorney A Lee Bentley, III, is seeking a money judgment in the amount of $135,153, the proceeds of the charged criminal conduct.
According to the indictment, following the April 2010 explosion of the Deepwater Horizon oil rig, which was being leased by BP, formerly known as British Petroleum, Craddock submitted a claim to BP and the Gulf Coast Claims Facility, an independent facility established by BP to compensate qualified claimants, for lost earnings purportedly related to the impact of the oil spill on his businesses.