Patrick Lindsey, former executive with the now defunct MGT Construction in Richmond, Virginia, has been sentenced to 27 months in prison for his role in a five-year accounting fraud that, when discovered in 2016, revealed the contractor was not profitable but was about $28 million in debt. Because of this, MGT was forced to file bankruptcy in 2018, reporting only $50,000 in assets.
Lindsey started working for MGT in 2007 as an estimator, according to court documents, and the company promoted him to vice president of preconstruction services in 2013.