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Justice News

Department of Justice
U.S. Attorney’s Office
Western District of North Carolina

FOR IMMEDIATE RELEASE
Friday, May 8, 2020

Co-Owner Of Statesville Trucking Company Is Sentenced To Prison For Wire Fraud

CHARLOTTE, N.C. – Nathaniel Brad Moffitt, 40, of Statesville, N.C., was sentenced to 15 months in prison late yesterday for fraudulently obtaining more than $500,000 in business loans, announced Andrew Murray, U.S. Attorney for the Western District of North Carolina.  In addition to the prison term imposed, U.S. District Judge Kenneth D. Bell also ordered Moffitt serve two years of supervised release, and to pay approximately $114,000 as restitution.

John A. Strong, Special Agent in Charge of the FBI in North Carolina joins U.S. Attorney Murray in making today’s announcement.

According to filed court documents and information introduced at the sentencing hearing, Moffitt co-owned a trucking company in Statesville with another individual, identified in court documents as B.S. Court records show that from September 2015 to April 2018, Moffitt stole B.S’s name and personal information, and used it to obtain more than $500,000 in fraudulent business loans.  To further the fraud, Moffitt made telephone calls and sent emails to apply for and execute the loans, and on at least one telephone call he impersonated B.S. Moffitt used the loan proceeds to pay for legitimate business expenses and for his own personal benefit.  At the time the fraud was discovered, the outstanding balance on the loans was more than $100,000. According to court records, as a result of the Moffitt’s fraud, the trucking company had to declare bankruptcy. On November 18, 2019, Moffitt pleaded guilty to wire fraud.

In making today’s announcement, U.S. Attorney Murray thanked the FBI, for their investigation of this case.

Assistant U.S. Attorney Caryn Finley, of the U.S. Attorney’s Office in Charlotte, prosecuted the case.

 

Topic(s): 
Financial Fraud
Updated May 10, 2020