Restitution Order as to Craig David Davis — USA v. Davis (Dkt. 60, E.D. Va.)

Summary

Restitution order entered in United States v. Craig David Davis, Criminal No. 1:24CR040-001, U.S. District Court for the Eastern District of Virginia, Alexandria Division, filed 03/06/25 as Document 60. Under 18 U.S.C § 3663A(a)(l), the court orders Davis to pay restitution of $8,995,191.55, due in full immediately, with payments forwarded to the victims and distributed on a pro rata basis. If it is not paid immediately, he must pay a monthly amount or 25 percent of net income, whichever is greater, beginning 60 days after release from confinement. The order is signed by Patricia Tolliver Giles, United States District Judge, and was agreed to by Davis and his counsel, Jonathan A. Simms.

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FILED
■
m OPEN COURT
IN THE UNITED STATES DISTRICT COURT
FOR THE EASTERN DISTIHCT OF VIRGINI/
Alexandria Division
MAR -6 2025
r
'
CLERK. U.S. DISTRICT
UNITED S'FATES OF AMERICA
)
)
Criminal No. 1:24CR040-001
)
V.
)
CRAIG DAVID DAVIS,
)
)
Defendanf.
)
)
RESTITUTION ORDER
Pursuant to 18 U.S.C § 3663A(a)(l), the clelondant is ordered to pay restitution in the
amount of $8,995,191.55.
2.
The amount of restitution paid to any victim, collectively, shall not exceed the victim’s
total loss from the offenses of conviction.
The Clerk of Court shall forward all restitution payments to the victims at the addresses
provided in the Attacliment A to this Order.
3.
4.
Interest:
is waived.
accrues as provided in 18 U.S.C § 3612(f).
Notwithstanding any other provision of this Restitution Order or the sentence imposed,
including the directive to make periodic payments, restitution is due in full and payable
immediately from assets known and unknown and including assets identified in the
Presentence Report. The Government may enforce restitution at any time.
5.
6.
If incarcerated, the Court encourages the defendant to pai'ticipate in the Bureau of
Prisons’ Imnate Financial Responsibility Program, to comply with the provisions of the
financial plan, and to meet the defendant’s financial obligation, pursuant to 28 C.F.R. §
545.10-11.
Case 1:24-cr-00040-PTG     Document 60     Filed 03/06/25     Page 1 of 2 PageID# 343

If restitution is not paid in full immediately, the defendant shall pay to the Clerk at least
$ 5W
per month or 25 percent of net income, whichever is greater, beginning 60
days after release from any period of confinement, or 60 days after sentencing if no
confinement is imposed.
7.
All payments shall be made to the Clerk of Court, United States District Court, 401
Courthouse Square, Alexandria, VA 22314.
9.
Within 30 days of (a) any change of name, residence, or mailing address; and/or (b) any
material change in economic circumstances that affects the ability to pay restitution, the
defendant shall notify the Clerk of Court and the United States Attorney's Office,
Financial Litigation Unit, 8000 World Trade Center, Norfolk, Virginia 23510.
10.
No delinquent or default penalties will be imposed except upon Order of the Court.
The Clerk of Court shall distribute the funds to the victims on a pro rata basis.
11.
M
Patricia Tolliver Giles
United States District Judge
Honorable Patricia Tolliver Giles
United States District Judge
ENTERED this
If ^dav of i^n.r(kf)25.
at Alexandria, Virginia
WE ASK FOR THIS:
Erik S. Siebert
United States Attorney
SEEN AND AGREED:
Craig D. Davis
Defendant
KatW^n E. Robeson
'
Assistant United States Attorney
David A. Peters
Trial Attorney, Criminal Division
Fraud Section, Department of Justice
"Jonathan A. Simms
Counsel for Defendant
2
Case 1:24-cr-00040-PTG     Document 60     Filed 03/06/25     Page 2 of 2 PageID# 344

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