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FRESNO, Calif. (KSEE/KGPE) - A Fresno antheral pleaded blameworthy connected Monday successful transportation with a fraud strategy successful which the Department of Justice said helium defrauded $30 cardinal from idiosyncratic lenders and fiscal institutions.
Court documents besides amusement the suspect utilized a Fresno edifice owner's sanction and signature arsenic portion of the scheme.
The DOJ says 39-year-old Matthew Dane Billingsley pleaded blameworthy to 1 number of ligament fraud.
The plea comes aft tribunal documents study Billingsley provided fabricated brokerage relationship statements, from an relationship that didn't exist, to get much than $30 cardinal successful loans from idiosyncratic lenders and fiscal institutions betwixt June 2018 and February 2023.
The DOJ says Billingsley besides misrepresented to idiosyncratic lenders and fiscal institutions however helium intended to usage the indebtedness money and alternatively utilized the wealth to wage down erstwhile loans and for his benefit.
To get 1 of the loans, the DOJ says Billingsley utilized a Fresno edifice owner's sanction and signature connected a profit-sharing statement that Billingsley created and forged. Billingsley past presented the mendacious and fraudulent profit-sharing statement to a fiscal instauration to get a loan.
Billingsley is scheduled to beryllium sentenced connected Nov. 10 and faces a maximum punishment of 20 years successful situation and a $250,000 fine.
