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The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

Calvin Walker released from jail after posting bond

JEFFERSON COUNTY - Calvin Walker posted bond and was released from the Jefferson County Jail shortly before 4 p.m. Tuesday following his indictment by a Special Grand Jury in Jefferson County on six felony charges.

Walker was transported to the jail at about 12:30 p.m. by Beaumont Police. There were six pre-set bonds at $50,000 each.

Reporters questioned Walker as he was leaving jail:

Calvin Walker: "It appears the government has reneged on their deal and had the state take over."

Reporter: "What do you think is going to happen?"

Walker: "Time will tell."

Reporter: "Do you think it's double jeopardy?"

Walker: "Absolutely, it is."

Reporter: Did you have any idea this was coming?"

Walker: "Oh yeah, I knew this was coming."

Reporter: "How did you know?"

Walker: "I had several head's up."

Watch Live at 5 and KFDM News at 6 and 10 for updated information and reaction to Walker's indictment.

Click here to read first part of indictment against Calvin Walker

Click here to read second part of indictment against Calvin Walker

Click here to read third part of indictment against Calvin Walker

Click here to read fourth part of indictment against Calvin Walker

Click here to read the fifth part of the indictment against Calvin Walker

According to District Attorney Cory Crenshaw, Walker was indicted on six felony charges of fraudulent billing practices and money laundering in connection with work for the Beaumont Independent School District and the City of Port Arthur.

Deputies say Walker will go through processing at the jail.

A federal grand jury returned a 37 count indictment against Walker in 2011. He was charged with money laundering, mail fraud and wire fraud.

Walker pleaded guilty to one misdemeanor charge of failing to pay taxes in a timely manner and in December of 2012 a federal judge sentenced him to one misdemeanor count of failing to pay taxes in a timely manner.  Judge Ron Clark sentenced Walker to 5 years probation, 400 hours of community service, more than $600,000 in restitution, and a $60,000 fine to the government. The U.S. Attorney, Malcolm Bales, had told the school board it could seek about $2 million in assets the government seized from Walker but the board never went after the money.

The new BISD Board of Managers says it plans to rebid the district's contract for electrician services.

In Tuesday's state indictment, Walker, 53, of Beaumont, was indicted on four felony charges of Securing Execution of a Document by Deception and two felony charges of Money Laundering. 

According to the indictments, from December 23, 2008, through September 10, 2009, Walker, who owns and manages an electrical contractor company, submitted fraudulent invoices to both BISD and the City of Port Arthur.  The fraudulent invoices resulted in Walker being compensated for labor, materials, and other expenses which were never incurred concerning his work as a contractor on various projects including temporary campuses at BISD's South Park and Regina Howell schools, a softball field at Ozen, and Port Arthur parks.

If convicted, Walker faces up to life in prison on each charge due to the amount of fraud being in excess of $200,000.  Criminal District Attorney Cory Crenshaw will pursue full restitution to ensure that all taxpayer funds are repaid.                                                                                                

The investigation leading to the charges was conducted by agents from the Federal Bureau of Investigation (FBI) and investigators with the Criminal District Attorney's Office with the assistance of the Beaumont Police Department.  Assistant Criminal District Attorney Luke Nichols is prosecuting the case.

A grand jury indictment is not evidence of guilt and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.  


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