A Nome, Texas man has been sentenced to federal prison for his involvement in a bank fraud conspiracy. Eulice Emerson Alvey, also known as Trey, pleaded guilty to conspiracy to commit bank fraud and received a 57-month sentence. U.S. District Judge Marcia A. Crone also ordered Alvey to pay $2,075,458.57 in restitution.
The case began on September 6, 2018, when a Neches Federal Credit Union (NFCU) member reported unauthorized loans on their account. Similar reports followed from other members linked to Billy Ray Thomas, an assistant branch manager at NFCU. Investigations revealed that Thomas collaborated with Alvey in the fraudulent scheme.
Alvey created fake purchase invoices for tractors from his business, Oil City Tractor, LLC, and sent them to Thomas. Using credit union members' information, Thomas requested loans which were then shared between him and Alvey for personal and business use. In April 2025, Thomas was sentenced to 34 months in federal prison.
The FBI's Beaumont Field Office and the Beaumont Police Department conducted the investigation. Assistant U.S. Attorney Reynaldo P. Morin is prosecuting the case.
