Scott County Developer Indicted by Grand Jury on 47 Felony Charges

A developer that once promised to bring new life and new jobs to Scott County, Virginia has instead dashed hopes.

James David Fannon has been indicted by a grand jury and faces 47 felony counts of forgery, obtaining money under false pretenses and attempting to use forged checks.

Fannon’s Mountain Top Timber announced in July plans for a $3 million investment for the former Louisiana Pacific plant in Dungannon that would create 50 new jobs.

His partner, Lester Neal Stidham, faces 16 felonies in relation to the case.

The crimes involve loan money given to the company by the county’s economic development authority.

The investigation into the company remains ongoing according to the Scott Commonwealth’s Attorney office.