Ballantyne surgeon’s medical license suspended following $17M fraud scheme

A Charlotte-based hair restoration surgeon cannot reapply for his North Carolina medical license until at least 2027, the state medical board announced Thursday.

The board indefinitely suspended the license of Dr. Bruce Howard Marko following his role in a $17 million, multi-state bank fraud scheme that began in 2018. Marko, now 67, conspired with three other men to defraud at least 17 banks, participating directly in at least five fraudulent loans to obtain over $2.8 million, according to the U.S. District Court for the Western District of North Carolina.

Marko was seeking funds to invest in a real estate development project in Las Vegas, according to the medical board. When he couldn’t get loans through other means, he — with the help of two co-conspirators — secured the fraudulent loans, telling the financial institutions the money would be used for medical equipment purchases. Marko submitted falsified documents to the banks, including tax returns that overstated his income and false financial statements showing assets in a nonexistent investment account…

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