CHICAGO | A Homewood man and a Harvey man are among a group accused of fraudulently obtaining 28 car loans worth $914,000, according to court records.
Brian K. Hughes, 41, of Homewood, faces four counts of bank fraud and one count of making false statements on a loan application, according to a news release from the Northern District of Illinois U.S. Attorney's Office. Keith B. Foster, 46, of Harvey, was charged with bank fraud and making false statements on a loan application.
Precious W. House, 47, of Chicago, was charged with five counts of bank fraud and one count of making false statements on a loan application. Michael O. Turner, 44, of Richton Park, was charged with bank fraud.
According to the indictment, House was the president of Rolling Auto, Inc., and from Feb. 2013 to Nov. 2013, the men applied for 46 car loans worth $1.4 million.
The men are accused of working with co-schemers to fraudulently apply for the loans by falsifying documents such as credit history and income statements, according to the indictment. As part of the scheme, the men would get 20 to 30 percent of the loan.
The indictment also accuses Hughes of threatening people with civil and criminal lawsuits if they didn't follow through with cashing the checks once the loans were approved.
The loans were for luxury cars such as a 2012 Mercedes E Class, 2008 Jaguar XKR and a 2006 Lincoln Navigator, according to court records.