FBI makes second seizure of John Wiley Price land sale proceeds




Posted on May 14, 2012 at 6:00 PM

Updated Monday, May 14 at 6:13 PM

DALLAS — News 8 has learned FBI agents have again seized money from the sale of property by Dallas County Commissioner John Wiley Price.

This is the second time agents have confiscated money that was to be paid to Price from a land transaction last December.

On March 23, FBI agents working on a corruption case against Price showed up at a Republic Title business near downtown looking for money. They found $180,000 belonging to Price, a portion of his proceeds from his sale of land last December 15 to builder W.O. Henry.

Henry bought the land on Grady Niblo Road in West Oak Cliff from Price to build an apartment complex, which is currently under construction.

But according to records obtained by News 8, federal agents seized the payment, calling it "proceeds of a specified unlawful activity." Federal agents will not elaborate.

Price's attorney, Billy Ravkind, said Price had owned the nine-acre plot for about 10 years. Ravkind said Price has done nothing illegal; he simply wanted to sell the property to help pay his legal fees.

As News 8 first reported last March, the FBI seized a $50,000 check that was supposed to go to Price days after the December land sale because the feds alleged it to be proceeds from an illegal activity.

Price continues to be the target of a federal corruption investigation made public when agents raided his home and offices last June.

E-mail bshipp@wfaa.com