A Nicholas County man was sentenced to one year in prison, to be served on home confinement, for fraudulently obtaining a line of credit in West Virginia.
James Woods, Jr., 48, of Craigsville, was sentenced to the one year to be followed by three years of supervised release, according to court documents.
Woods pleaded guilty to federal wire fraud in December 2021, admitting he applied for the line of credit under the name of a construction business he did not own.
Woods admitted to the court that he did not have permission from the owner of the business to apply for the line of credit to lease commercial construction equipment.
The credit application was transmitted to Cross Lanes and eventually out of West Virginia where it was approved for $10,000.
Woods then used the line of credit to lease a CASE Model 850 bulldozer and it was delivered to a jobsite that Woods controlled.
Once the owner of the business learned about the fraudulent line of credit, the equipment rental store was contacted and the bulldozer was recovered by the West Virginia State Police and the equipment provider.
Related Federal Cases
- Gabriele Wohl Deploys Election Fraud Task Force, West Virginia, 2016 · Maryland
- Jeffrey Phares, Wire Fraud Scheme, Fayetteville WV, 2023 · Alabama
- Bradley Temple, Unlawful Money Transactions, West Virginia, 2023 · Alabama
- Jeffrey Phares, Wire Fraud, WHEELING WV, 2023 · Alabama
- Nitesh Ratnakar, Tax Evasion, West Virginia, 2023 · Virginia
Key Facts
- State: West Virginia
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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