A man lies about his military service to obtain loans.
Richard Bowe admitted he lied about his military service to obtain more than $126,000 in car loans and a credit card from Florida credit unions.
Bowe of Riverview, Fla., agreed to plead guilty to four felony counts of making false statements on loan applications and a credit card application in U.S. District Court in Tampa, Fla., last month.
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In the car loan applications, Bowe falsely stated he was employed by the United States Army Contracting Command as a deputy inspector general, federal prosecutors said. He also falsely claimed that he was earning a salary of more than $14,000 a month and receiving monthly veteran retirement benefits.
Although Bowe did serve in the military, he received a less than honorable discharge, federal prosecutors said.
Between January and March 2015, Bowe allegedly applied for two car loans from the $642 million USF Federal Credit Union in Tampa and one car loan at the $498 million Florida Central Credit Union, also based in Tampa. He also applied for membership and a credit card account with a $5,000 limit at the $292 million Tampa Bay Federal Credit Union and, again, falsely stated he was employed by the U.S. Army and was receiving veteran retirement benefits.
His sentencing hearing has not been scheduled.
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Peter Strozniak
Credit Union Times reporter covering credit union operations, fraud, M&As, leagues, business continuity, and breaking news.
