Seacoast Man Pleads Guilty To Serial Loan Fraud And Stolen Valor Charges
CONCORD, NEW HAMPSHIRE – Christopher Jordan Bailey, 28, of Brentwood pled guilty in United States District Court for the District of New Hampshire to charges of bank fraud, false statements on a loan application and stolen valor, announced United States Attorney John P. Kacavas.
The bank fraud and false loan application charges arose from Bailey’s submissions of false information to a series of nine banks and government agencies to induce them to grant, extend or modify agricultural-related loans. The stolen valor charge arose from false claims Bailey made to the effect that he had served in the U.S. Marine Corps and been awarded a Purple Heart, Silver Star and combat action ribbon, for the purpose of inducing the financial institutions to approve his loan applications.
Bailey faces a maximum term 30 years in prison on each of the bank fraud and false statement charge and 1 year on the stolen valor charge. Sentencing is scheduled for July 28, 2015.
This case was investigated by the Manchester, N.H., Field Office of the U.S. Secret Service and the U.S. Department of Agriculture, Office of Inspector General, with the assistance of the Portsmouth (N.H.) Police Department. The case is being prosecuted by Assistant U.S. Attorney Bill Morse.