A Nome, Texas resident has been sentenced to federal prison for his involvement in a bank fraud conspiracy, as announced by Acting U.S. Attorney Jay R. Combs. Eulice Emerson Alvey, also known as Trey, was sentenced to 57 months in federal prison by U.S. District Judge Marcia A. Crone on June 5, 2025. He was also ordered to pay $2,075,458.57 in restitution.
The court heard that on September 6, 2018, a member of Neches Federal Credit Union (NFCU) reported unauthorized loans on their account. Similar complaints soon followed from other members linked to Billy Ray Thomas, an assistant branch manager at NFCU. Investigations revealed Thomas collaborated with Alvey in the fraud scheme.
Alvey would create fake purchase invoices for tractors from his business, Oil City Tractor, LLC, and send them to Thomas. Using these invoices and credit union members’ information, Thomas requested loans and shared the proceeds with Alvey for personal and business use. In April 2025, Thomas received a sentence of 34 months in federal prison.
The case was investigated by the FBI’s Beaumont Field Office and the Beaumont Police Department and prosecuted by Assistant U.S. Attorney Reynaldo P. Morin.
