Charge: Man lied about being Navy SEAL to get bank loan

A federal grand jury has billed that a guy lied about staying a Navy SEAL and set wrong information in bank loan files at a Kentucky financial institution for funds to start off a horse organization.

The grand jury indicted Christopher “Rusty” Custer Thursday on two costs of bank fraud and two costs of wire fraud.

The indictment mentioned Custer “falsely purported” to be a Navy SEAL in 2018 when he utilized for a loan from Regular Lender to acquire a household and land in Lexington for an equine business.

Custer allegedly misrepresented his “finances, character and private history” in documents he gave the bank in Could 2018 and August 2019, the indictment said.

He also is charged with sending untrue facts about his money status by electronic mail to an investor in November 2019 to get a mortgage for an oil and fuel pipeline inspection enterprise.

Point out records clearly show a person with the exact same title set up a business termed Moon Dance Farm in Lexington in February 2018. It was dissolved in Oct 2019 for not filing an annual report.

Custer established up yet another company referred to as Wildcat Field Products and services LLC in October 2019. It was dissolved a 12 months later on after not filing an yearly report.

The lender fraud fees in opposition to Custer have a greatest sentence of 30 many years in prison.

The indictment incorporates a forfeiture rely aimed at recovering $1,572,697 that Custer allegedly gained as a result of fraud.

Courtroom documents do not checklist an attorney for Custer and attempts to achieve him ended up not profitable.

This story was initially revealed May perhaps 20, 2022 9:18 AM.