(COLUMBUS) - A Columbus man accused of defrauding Indiana banks of more than $10 million has been indicted on 13 federal charges of bank and wire fraud, according to The Republic of Columbus.
The charges against Todd Van Natta, 35, were announced Thursday by the office of Joseph Hogsett, the U.S. attorney of the southern district of Indiana.
Van Natta was arrested in March and has been detained by federal authorities on the fraud accusations. A grand jury indicted VanNatta on June 20 on formal charges, including 10 counts of bank fraud and three counts of wire fraud.
The indictment alleges that Van Natta, the president and manager of Seymour-based Van Natta Asset Management LLC and a variety of related companies, devised a scheme to defraud financial institutions to obtain large sums of money for two years beginning in March 2007.
Van Natta allegedly prepared and submitted numerous false documents to banks throughout central and southern Indiana, including local financial institutions headquartered in Bartholomew, Decatur, Washington, Morgan and Monroe counties. The false documents included fraudulently created tax returns that hid the true income and financial affairs of Van Natta's family members, according to the U.S. attorney's office.
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