Former Federal Agent William Ferrell III Pleads Guilty to Theft

A former federal law enforcement agent has pleaded guilty to a theft charge as part of a plea deal.

Forty-1-year-old William Ferrell III, of Gulfport, Miss., entered the plea Monday before Chief U.S. District Judge Ralph E. Tyson.

The U.S. Attorney's Office in Baton Rouge says Ferrell was a manager and part owner of Double F Logistics LLC, a company that transported goods across the country as a common carrier. According to authorities, Ferrell was responsible for overseeing the use of fuel and debit cards available to Double F. He was accused of withdrawing about $98,235 from the company's account to pay for expenses not related to the company.

Ferrell also worked for the U.S. Department of Homeland Security but resigned as a result of the investigation. A sentencing date has not been set.