Jason Hernandez Sentenced to Serve 21 Months in Prison for Financial Institution Fraud
CHATTANOOGA, Tenn. – On May 30, 2018, Jason Hernandez, 44, of Chattanooga, Tennessee, was sentenced by the Honorable Curtis L. Collier, U.S. District Court Judge, to serve 21 months in federal prison for committing financial institution fraud.
Hernandez pleaded guilty in November 2017 to federal charges stemming from a fraudulent statement he made in relation to his bankruptcy case and a scheme to defraud multiple small private lending companies. He submitted personal financial statements, which grossly inflated his income and net worth, in order to qualify for loans. During the application process for these loans, Hernandez used social security numbers for other individuals. He filed Chapter 7 Bankruptcy in the Eastern District of Tennessee and failed to disclose these fraudulently-obtained loans on his bankruptcy petition.
The FBI investigated this case. Assistant U.S. Attorney James T. Brooks and Special Assistant U.S. Attorney Nick Foster represented the United States in court proceedings.