Arrest made in $2M bank fraud scheme
HOUSTON — Federal prosecutors say a Houston-area man used falsified documents and someone else's Social Security number to secure a $2 million line of credit as part of an eight-year bank fraud scheme.
Forty-one-year-old Andre Lamont Chenier made an initial court appearance Monday. In addition to bank fraud, he's also facing identity theft and other charges.
Authorities say Chenier, who was arrested Friday, ran the scheme from 2004 to 2012 by obtaining fraudulent commercial loans from banks. He had initially applied for a $100,000 loan that later was increased to $2 million.
Prosecutors say he submitted a falsified balance sheet and statements for a company he created that listed a bank balance of $9.3 million. The true balance was $100.
http://www.news-journal.com/news/2015/mar/16/arrest-made-in-2m-bank-fraud-scheme/
