stickyimage

Mug Shot Monday — A Photoshopped Bank Statement Showed $9 Million; Actual Balance is . . . .

March 23, 2015

By Bob Coleman
Editor, Mug Shot Monday

$100 says the FBI.

In 2004, a Andre Chenier applied for a $100,000 revolving line of credit loan from a Texas bank for his company called Teksync Inc.

Two years later Andre requested to have the line increased to $2 million.

As part of his increase request, Andre submitted a Personal Financial Statement that contained false and fraudulent information about stock ownership and an Ameritrade account statement that listed fictitious stock ownership and account balances — allegedly.

The indictment further alleges Andre also submitted a falsified balance sheet and bank statement for Teksync that listed a bank balance of $9,309,796.16 when, in fact, the true balance was only $100.

In 2011, Andre began the process of applying for a $1,250,000 revolving line of credit loan from another bank for a company called Scott & Burgess.

Similar to the other loan fraud, Chenier submitted a Personal Financial Statement and accounts receivables report that listed fictitious assets as well as U.S. Individual Income Tax Returns that contained the Social Security number of someone else.

Andre faces the obligatory millions of dollars in fines and hundreds of years in jail stemming from his March 13th arrest.

3 years ago by in . You can follow any responses to this entry through the | RSS feed. You can leave a response, or trackback from your own site.