James Bunker Charged with Multiple Fraud Counts

via investmart007    Discuss    Off Beat News
Sioux Falls Man, James Bunker Charged with Multiple Fraud Counts regarding Pandemic Relief Programs

(STL.News) Acting United States Attorney Dennis Holmes announced that a Sioux Falls, South Dakota, man has been indicted by a federal grand jury for Bank Fraud, Attempted Bank Fraud, False Statement to a Financial Institution; Engaging in Monetary Transactions in Property Derived from Specified Unlawful Activity, and False Statement.

James Bunker, d/b/a Genuine Builders, Inc., d/b/a Tri-State Ag Services, LLC, d/b/a Falls Framing, LLC, and d/b/a No. 18, LLC, age 50, was indicted on April 6, 2021.  He appeared before U.S. Magistrate Judge Veronica L. Duffy on April 8, 2021, and pled not guilty to the Indictment.

The maximum penalty upon conviction is up to 30 years in federal prison and/or a $1,000,000 fine, five years of supervised release, and up to $1,200 to the Federal Crime Victims Fund.  Restitution may also be ordered.

The Indictment alleges that Bunker defrauded or attempted to defraud banks in connection with his efforts to acquire loans under the Paycheck Protection Program, or the Main Street Lending Program that relate to pandemic relief programs.  The Indictment also alleges that Bunker submitted or caused to be submitted false financial documents to the banks and lied on loan forgiveness applications submitted to the U.S.

This News James Bunker Charged with Multiple Fraud Counts appeared first on STL.News.

Submit a Comment

Log in to comment or register here