The Brief
- A federal grand jury indicted a 41-year-old Dallas man for allegedly orchestrating a $20 million bank and wire fraud scheme.
- Prosecutors say Garrett Douglas Johnson falsified financial records to secure over $40 million in loans from 2018 to 2024.
- Johnson faces up to 30 years in federal prison for each bank fraud count and up to 20 years for wire fraud if convicted.
DALLAS – A federal grand jury has indicted a 41-year-old Dallas man for allegedly executing a long-running, multi-million dollar bank and wire fraud scheme that defrauded financial institutions and private lenders out of more than $20 million.
Garrett Douglas Johnson charged
Garrett Douglas Johnson was charged Aug. 19 in a six-count indictment returned in the Northern District of Texas. The charges include five counts of bank fraud and one count of wire fraud.
U.S. Attorney Ryan Raybould announced the charges Thursday, stating that Johnson repeatedly falsified financial records to secure loans.
What they’re saying:…