$8.2 Million Fraud Hits Fort Bend County MUD 35 Investment Account

Partial Recovery and Ongoing Efforts

So far, $3.4 million of the transferred funds have been successfully recalled and returned to the MUD’s investment account. Recovery efforts for the remaining balance are ongoing.

According to the district, only the investment account was compromised. Their traditional banking account, used for day-to-day operations and vendor payments, remains secure.

MUD 35 Reassures Public of Financial Stability

Despite the sizable financial breach, MUD 35 has reassured residents and stakeholders that it remains solvent and fully capable of meeting all debt and operational obligations.

The district’s statement emphasized that legal counsel has been retained to provide additional support throughout the investigation and recovery process. The board is cooperating with federal authorities to trace the missing funds.

A district spokesperson added, “We are committed to full transparency and resolution. Our community’s services will not be impacted.”

District Boundaries and Who It Serves

MUD 35 serves a significant part of Fort Bend County, with boundaries stretching:

• South: Meadowbrook Farms Golf Course and MUD 34

• East: Cinco Ranch development

• West: Katy-Gaston Road and Cinco Ranch Boulevard

The utility district serves approximately 2,075 homes and 25 businesses, providing water, sewer, and other infrastructure services.

Public Assistance and Contact Info

The district is asking the public for any information that might aid in the investigation. Those with knowledge of the fraudulent transfers are encouraged to contact MUD 35 at 713-623-4531.

Further updates will be provided on their official website: fbmud35.com