In Black Olive Fraud Case, New Charges
Ina M. Walker and Hugh C. Clark had already been accused of improperly using federal money.
New charges have been filed in a fraud case involving former Black Olive Restaurant owners Ina M. Walker and Hugh C. Clark, according to an Inquirer report.
The two were charged with the Wilmington Savings Fund Society. They have already been indicted on federal charges for allegedly defrauding a charter school they operated in Cedarbrook.
That indictment came in April. Walker and Clark have pleaded not guilty to the charges.
The previous 27-count indictment allages that Clark, the former president of the board of New Media Technology Charter School on Thouron Avenue in Cedarbrook, and Walker, the former CEO, improperly used approximately $522,000 in New Media funds to enrich themselves and advance their personal interests.
New Media was funded by federal tax dollars.
It also alleges the two used some of the stolen money to support Black Olive restaurant, which was located at 24 E. Mt. Airy Ave., and a health store of the same name at 7122 Germantown Ave. Both were frequently closed during hours they were typically supposed to be open.
The two will go on trial in U.S. District Court in January.