Bowie Businessman Indicted In $200,000 Theft - Newschannel 6 Now | Wichita Falls, TX

Bowie Businessman Indicted In $200,000 Theft

Bill Duvall, 63 Bill Duvall, 63

A longtime Bowie businessman faced a grand jury indictment, accused of stealing more than $200,000.

Assistant District Attorney Paige Williams said the sealed indictment for Bill Duvall, 63, was issued November 14 on a referral case. The district attorney's office may be asked to pursue or investigate the referral further.

Duvall is accused of taking funds valued at more than $200,000 from Douglass Distributing, Ltd. without the owner's consent. Douglass Distributing supplied petroleum products to what was formerly Ashley and Duvall, operated by Duvall and Mark Ashley.

The indictment states that sometime around Feb. 16, 2012, Duvall unlawfully appropriated by "acquiring or otherwise exercising control over, property, to-wit: U.S. currency of the value of $200,000 or more from W. Douglass Distributing, without the effective consent of the owner and with intent to deprive the owner of property."

Douglass said the theft exceeds more than $400,000.

Williams said a forensic accountant was hired in the several month-long investigation to examine the extensive financial details of the evidence.

The charge is a first degree felony. If found guilty, he could face up to 99 years in jail and a fine up to $10,000.

Duvall's bond was set at $100,000. He was released on bond from the county jail on Thursday.

This was the second time a case has gone to the grand jury for theft allegations against Duvall. A case was presented to the grand jury on Sandford Oil's allegations of misappropriation of fuel and false reporting in May 2010. The panel determined the charge was not warranted. At that time, Sandford Oil had a civil suit pending in 97th District Court against Duvall and the Ashley-Duvall Company.

Williams said Duvall's Tuesday indictment is not connected with those Sanford allegations.

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