Man Charged with Submitting False Loan Documents

admin —  June 30, 2010 — Leave a comment

Shawn Bramlett, 30, Jeffersonville, Indiana, has been charged with one count of engaging in a conspiracy with unnamed co-conspirators to commit bank and wire fraud, and thirteen counts of wire fraud.

The Indictment alleges that Bramlett and unnamed co-conspirators perpetrated a fraudulent scheme against various banks and commercial lending companies, including Wells Fargo Bank and Countrywide Home Loans, by submitting applications and other documents for loans which contained false and fraudulent information, including false employment information, false and fraudulent bank account balances, and false representations that down payments were being made toward purchases of properties.

In the event of a conviction, the maximum potential penalties are 265 years’ imprisonment, a $3,500,000 fine, and supervised release for a period of 3 years.

The case is being prosecuted by Assistant United States Attorney Jim Lesousky, and it was investigated by the Federal Bureau of Investigation and the Kentucky Department of Financial Institutions.

Bramlett is scheduled to appear for arraignment on July 20, 2010, at 9:30 a.m., before the United States Magistrate Judge at the Gene Snyder Courthouse in Louisville, Kentucky.

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