Man Indicted in Bank Fraud Scheme
Posted/updated on: March 3, 2011 at 5:22 pm
TYLER – A Camp County man has been indicted by a federal grand jury in Tyler in a bank fraud scheme. Lesley Carroll Beene, 59, of Pittsburg, was indicted Wednesday and charged with bank fraud and false bank entries. If convicted, Beene faces up to 30 years in federal prison and a fine of up to $1 million.
The indictment alleges that on August 4, 2008, Beene represented to Cypress Bank that he had a 2003 Kobleco SK 480 LC Excavator which he used as collateral to secure a loan in the amount of $150,000. However, when the loan became due, he failed to produce the collateral to Cypress Bank for inspection or sale. On August 30, 2008, Beene is alleged to have knowingly made false entries in the books, reports and statements of Cypress Bank. Specifically, that he owned four acres of land in Pittsburg, Texas worth $585,000 and that he had no mortgage on that property, when in fact, Beene had owner financed a 10-year mortgage from 2004 to 2014 on the property in the amount of $195,000.
