A Cadiz man has been charged in federal court with falsifying loan information and defrauding nine credit unions over a period of two years at his auto businesses in Kentucky and Tennessee.
The criminal information filed Wednesday in the Middle District of U.S. District Court in Nashville charges Andrew “A.J.” Oliver with bank fraud.
The information alleges Oliver, as the owner of A.J.’s Auto Sales in Hopkinsville and 1st Choice in Clarksville, used false and fraudulent pretenses to receive over $368,500 in loans without disclosing loans had already been sought from other creditors. The money was received between February 2018 and March 2020.
Oliver is charged with receiving a $69,458 loan from Ascend Federal Credit Union for the purchase of a 2017 Ford F150 truck. He did not disclose that he had applied for and received loans from eight other credit unions for the purchase of the same truck and a 2018 Cadillac. He is also accused of inflating his income on the loan documents.
Oliver has been requested to appear in federal court before March 9. If convicted, he could face a maximum of 30 years in prison and a $1 million fine.
