David Holman, 48, of Metamora, pled no contest on Monday to one felony count of False Pretenses, $1,000-$20,000, for conducting a scheme to fraudulently bill the federal Troubled Asset Relief Program (TARP) and the City of Detroit over $1,000,000 related to house demolitions, announced Michigan Attorney General Dana Nessel.
Holman’s plea accompanies a sentencing agreement requesting he serve a term of probation, complete 100 hours community service, and pay $1.2 million of the restitution to the City of Detroit on or before his sentencing date in April.
Holman is the second defendant to plea in this matter, following a guilty plea from David MacDonald, 51, of Howell, in January in connection with the same criminal scheme. MacDonald pled guilty to one felony count of False Pretenses, $1,000-$20,000, alongside a sentencing agreement he serve a term of probation, complete 100 hours of community service and pay restitution.
Both MacDonald and Holman are liable to the City of Detroit for over $4 million in total restitution.
The investigations into Holman and MacDonald were conducted by the Department of Attorney General, the Detroit Office of Inspector General, and the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), a federal agency tasked with preventing and detecting fraud, waste, and abuse in the federal funds appropriated by Congress through the Emergency Economic Stabilization Act and the Consolidated Appropriations Act of 2016.
In 2023, the attorney general charged Holman with 12 felonies and MacDonald with 11 felonies including Conducting a Criminal Enterprise, a 20-year felony, for fraudulently billing the City of Detroit for backfill material and for using unapproved backfill material containing potential contaminants at residential locations in the City of Detroit.
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