TYLER, Texas (KLTV) - A federal magistrate judge denied a Tyler man’s request to withdraw his plea bargain after he pleaded guilty to multiple charges including money laundering, wire fraud and violating the Stolen Valor Act.
Derek Hamm, 39, pleaded guilty in June 2022 to wire fraud, money laundering, violating the Stolen Valor Act, using a fraudulent military discharge certificate, and being a felon in possession of firearms and ammunition. The Stolen Valor Act of 2013 makes it illegal to fraudulently wear medals, embellish rank, or make false claims of military service to obtain money, employment, property, or some other tangible benefit. As part of the plea agreement, Hamm agreed to pay restitution of at least $2.3 million and forfeiture of the proceeds of his criminal conduct, including jewelry, automobiles and cash proceeds in the amount of $1,675,000.
According to court documents, Hamm invented a persona of being a wealthy and successful war hero. Hamm held himself out to be a former member of the Army Special Forces who had served multiple tours of duty in Iraq, Afghanistan, and other countries. He claimed to have been awarded a Purple Heart, Silver Star, Bronze Star, and Distinguished Service Cross for his service. Hamm also represented that he was related to Harold Hamm, the billionaire oilman in Oklahoma, which he claimed gave him access to financial resources and oil industry expertise. Through this persona, Hamm created an extensive network of friends who...
When a company promises to save the planet by 2050, it sounds reassuring. But what if that promise comes with no real plan, no credible evidence, and no accountability? A sweeping new study reveal...