Seymour Man Accused Of $10-Million Fraud

The indictment accuses Van Netta of preparing and submitting false documents to banks to obtain fraudulent loans for airplanes, yachts, and real estate.

money

Photo: 401K 2012 (Flickr)

Van Netta is accused of using the money to buy a $550,000 yacht, and several properties in Seymour, Evansville, and Fort Wayne.

US Attorney Joe Hogsett today announced an indictment of ten counts of bank fraud and three counts of wire fraud against a Seymour businessman.

Hogsett says Todd Van Natta is alleged to have defrauded local Indiana banks of more than $10 million over two years. This includes Bloomington-based Monroe Bank. Van Natta is alleged to have defrauded it of more than $3.2 million before it was acquired by Old National Bank.

The indictment accuses Van Netta of preparing and submitting numerous false documents to banks throughout central and southern Indiana, to obtain fraudulent loans for airplanes, yachts, and real estate.

If convicted, Van Natta faces up to 30 years in prison for each count of bank fraud and up to 20 years on each count of wire fraud.

Dan Goldblatt

Dan Goldblatt is the Multi-media Producer for WFIU/WTIU News. A graduate of Indiana University, he studied journalism and anthropology. He currently lives in Bloomington with his cat, June Carter.

View all posts by this author »

What is RSS? RSS makes it possible to subscribe to a website's updates instead of visiting it by delivering new posts to your RSS reader automatically. Choose to receive some or all of the updates from Indiana Public Media News:

Support For Indiana Public Media Comes From

Search News

Stay Connected

RSS e-mail itunes Facebook Twitter Flickr YouTube

Follow us on Twitter

What is RSS? RSS makes it possible to subscribe to a website's updates instead of visiting it by delivering new posts to your RSS reader automatically. Choose to receive some or all of the updates from Indiana Public Media News:

Recent Business & Economy Stories

Recent Videos

Find Us on Facebook