Riverview Man Arrested for Defrauding Local Credit Unions
Tampa, Florida – In a brazen scheme, 40-year-old Richard E. Bowe of Riverview has been arrested and charged with defrauding local credit unions.
According to the indictment, between January and early March 2015, Bowe sought a number of loans from credit unions. In his loan applications, he falsely indicated that he was employed by the United States Army Contracting Command as a Deputy Inspector General, and that he was earning a monthly salary in excess of $14,000.
Bowe also falsified information about his military service and VA benefits. The indictment alleges that his actions resulted in him obtaining $96,184.13 from the credit unions.
If convicted, Bowe faces a maximum penalty of 20 years in federal prison on each of the four counts of making false statements to federally insured credit unions. The United States intends to forfeit the $96,184.13, which is alleged to be the proceeds of the charged criminal conduct.
An indictment is merely a formal charge that a defendant has committed one or more violations of federal criminal law, and every defendant is presumed innocent unless, and until, proven guilty.
The case was investigated by the Tampa Police Department, the United States Department of Veteran’s Affairs Office of Inspector General, and the Defense Criminal Investigation Service. It will be prosecuted by Assistant United States Attorney Jay L. Hoffer.
Bowe is currently in custody, awaiting trial. His actions have left a trail of deceit and financial ruin for the local credit unions, highlighting the need for vigilance in the financial sector.
Related Federal Cases
- Naomi Ruth Smith, Child Sex Trafficking, M.D. Florida, 2023 · Georgia
- Duval County Public Schools, Employment Discrimination, Florida, 2023 · New York
- Lawrence Destefano, Ghost Gun Ring Operation, Florida, 2023 · Washington
- Ruben Mangual-Aquino Sentenced for Credit Card Fraud, Orlando FL, 2023 · Florida
- Willie Richard Short, Conspiracy to Transport Stolen Goods, Loxley … · Washington
Key Facts
- State: Florida
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
ðŸâ€Â’ Get the grimiest stories delivered weekly. Subscribe free →
MORE FEDERAL CRIME NEWS
US NewsUS NewsUS NewsUS News