Justin Lindle Hatton, a Utah resident, the owner of a real estate investment and management company, Malibu Equity Group Inc, has been charged with making false statements to a financial institution, making and subscribing a false tax return and aiding and abetting.
According in the indictment, Hatton has been charged with falsely representing his employment, income, and his willingness and ability to service and repay a construction loan and line of credit to First Utah Bank. After obtaining the loan through First Utah Bank, Hatton failed to make payments on the loans as the terms required and caused First Utah Bank to suffer significant losses on both loan.
Please note, an indictment contains only allegations against an individual and, as with all defendants, the defendants charged in this indictment must be presumed innocent unless and until proven guilty.
The investigation in this case was conducted by the Federal Bureau of Investigation and the IRS Criminal Investigation Department.