Unable to pay headliner Kelly Clarkson, tourism bosses resorted to lies and deceit to secure bank loan and that could land them in prison.
DOTHAN, Ala. - Visit Dothan CEO Aaron McCreight instructed his assistant to make figures for a concert and arts festival “look much better” so the tourism group they headed could fraudulently obtain a bank loan, federal prosecutors claim.
That information is contained in a Department of Justice memorandum that a judge will consider when he sentences McCreight and Hargrave to a maximum of 30 years on Thursday. Prosecutors said GO Cedar Rapids executives falsified budgets and ticket sale projections to increase their line of credit. The bank would ultimately increase the loan from $1.5 million to $2.2 million based on that bogus information.Prosecutors claim nearly 100 vendors didn’t receive full payment for their services, estimated at $800,000.According to court documents, the United States Probation Office recommends both McCreight and Hargrave pay more than $1.
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