CHARLOTTE, N.C. – In a shocking turn of events, Nathaniel Brad Moffitt, 40, of Statesville, N.C., has been sentenced to 15 months in prison for fraudulently obtaining more than $500,000 in business loans.
Moffitt, co-owner of a trucking company in Statesville with another individual identified as B.S., used B.S’s name and personal information to obtain the loans between September 2015 and April 2018.
According to court documents, Moffitt stole B.S’s name and personal information and used it to apply for and execute the loans, making telephone calls and sending emails to further the fraud.
On at least one telephone call, Moffitt impersonated B.S, using the loan proceeds to pay for legitimate business expenses and for his own personal benefit.
At the time the fraud was discovered, the outstanding balance on the loans was more than $100,000.
As a result of Moffitt’s fraud, the trucking company was forced to declare bankruptcy.
In a statement, U.S. Attorney Andrew Murray thanked the FBI for their investigation into the case, which was prosecuted by Assistant U.S. Attorney Caryn Finley.
The judge also ordered Moffitt to serve two years of supervised release and to pay approximately $114,000 in restitution.
Nathaniel Brad Moffitt pleaded guilty to wire fraud on November 18, 2019.
Related Federal Cases
- Charles Vincent Brown, Credit Card Fraud, North Carolina 2024 · Washington
- Four Charlotte Men, Bank Fraud and Identity Theft, North Carolina 2019 · Washington
- Butler Holt Massey, COVID-19 Relief Fraud, North Carolina 2023 · Texas
- Dennis S. Lepka, Real Estate Fraud, North Carolina 2024 · Washington
- Todd Allen Fulcher, Bankruptcy Fraud, North Carolina 2024 · North Carolina
Key Facts
- State: North Carolina
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
ðŸâ€Â’ Get the grimiest stories delivered weekly. Subscribe free →
MORE FEDERAL CRIME NEWS
White Collar CrimeWhite Collar CrimeWhite Collar CrimeWhite Collar Crime