Fraud charges have been filed against a former executive. He allegedly used false documents to obtain a large loan. The U.S. Attorney's Office has indicted him on multiple counts of fraud.

The executive is accused of misleading a bank while seeking financing for a business deal. He reportedly claimed to have significant collateral to back the loan, but this was not true.

Further details of the case are available, including the outcome of a recent court appearance. A full account of the allegations can be found through the source.