Former Huntsville COO charged with wire fraud by U.S. District Court

Former Huntsville COO charged with wire fraud by U.S. District Court
Published: Jul. 29, 2022 at 11:13 AM CDT
Email This Link
Share on Pinterest
Share on LinkedIn

HUNTSVILLE, Ala. (WAFF) - A man who served as Chief Operating Officer (COO) for Simple Helix, LLC, in Huntsville from 2012 to 2019 was charged with wire fraud by a United States District Court on Friday.

According to filed information, Steve Ray Shickles, 43, planned and executed a scheme to fraudulently obtain money from Simple Helix while serving as the company’s COO. Shickles gained access to multiple PayPal accounts of Simple Helix and made unauthorized charges, withdrawals and transfers to pay for personal expenses.

He also created a fake email account for Simple Helix to take funds intended for Simple Helix and deposit them into personal accounts owned by Shickles.

These transfers resulted in the loss of over $2.1 million for Simple Helix.

In its civil case against Steve and Ronda Shickles, Simple Helix obtained a $13 million consent judgment against Steve and a $6.5 million consent judgment against Rhonda Shickles.

According to a statement from Simple Helix, Shickles has repeatedly failed to comply with both order of the bankruptcy court and the agreement he entered into as part of the resolution of his bankruptcy case. Simple Helix has only recovered a small fraction of the money it is owed.

As counsel for Simple Helix continues to pursue recovery of the judgments, Simple Helix says, “the company has moved on from this matter under new leadership.”

The maximum penalty for wire fraud is 20 years in prison and $250,000 fine.

Copyright 2022 WAFF. All rights reserved.