Dallas Man Charged in $40 Million Bank Fraud Scheme
Dallas Man Charged in $40 Million Bank Fraud Scheme
A Dallas businessman, Garrett Douglas Johnson, has been accused of orchestrating a significant bank fraud scheme. Prosecutors allege he used falsified financial records to secure over $40 million in loans, resulting in more than $20 million in losses for banks and lenders, including Texas Capital Bank and Happy State Bank.
A Dallas businessman has been accused of using falsified financial records to obtain more than $40 million in loans, with prosecutors alleging the scheme defrauded banks and lenders of more than $20 million. Garrett Douglas Johnson, 41, was charged August 19th after a federal grand jury returned a six-count indictment accusing him of five counts of bank fraud and one count of making a false statement to a financial institution.