Unable to pay headliner Kelly Clarkson, tourism bosses resorted to lies and deceit to secure bank loan and that could land them in prison.
DOTHAN, Ala. - Visit Dothan CEO Aaron McCreight instructed his assistant to make figures for a concert and arts festival “look much better” so the tourism group they headed could fraudulently obtain a bank loan, federal prosecutors claim.
That information is contained in a Department of Justice memorandum that a judge will consider when he sentences McCreight and Hargrave to a maximum of 30 years on Thursday. Prosecutors said GO Cedar Rapids executives falsified budgets and ticket sale projections to increase their line of credit. The bank would ultimately increase the loan from $1.5 million to $2.2 million based on that bogus information.Prosecutors claim nearly 100 vendors didn’t receive full payment for their services, estimated at $800,000.According to court documents, the United States Probation Office recommends both McCreight and Hargrave pay more than $1.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Dothan man charged with Sexual TortureA Dothan man has been charged with multiple Sexual Torture counts after a police investigation ended with an arrest Sunday.
Baca lebih lajut »
Dothan requesting citizen input for Annual Action PlanThe City of Dothan will host four neighborhood meetings inviting all residents to attend and provide feedback to the city as officials begin to prepare the FY 2023-2024 Annual Action
Baca lebih lajut »
Dothan Housing taking donations for Selma disaster reliefDothan Housing is accepting donations and supplies that will go to assist in restoration efforts in Selma after the January 12 tornado outbreak.
Baca lebih lajut »
Dothan homes for big familiesDothan homes with at least five bedrooms.
Baca lebih lajut »
PREP TENNIS: Northside Methodist, PCS teams sweep; Dothan splits with PrattvilleNorthside Methodist tennis teams swept Opp on Monday with the girls winning 9-0 and the boys 6-0. Below are results.
Baca lebih lajut »