A federal grand jury has charged a man with lying about being a Navy SEAL and putting false information in loan documents to a Kentucky bank to get money to start a business. equestrian business.
The grand jury indicted Christopher “Rusty” Custer Thursday on two counts of bank fraud and two counts of wire fraud.
The indictment said Custer “falsely claimed” to be a Navy SEAL in 2018 when he applied for a traditional bank loan to buy a house and land in Lexington for an equine business.
Custer allegedly misrepresented his “finances, character and personal history” in documents he gave to the bank in May 2018 and August 2019, according to the indictment.
He is also accused of sending false information about his financial situation by e-mail to an investor in November 2019 to obtain a loan for an oil and gas pipeline inspection company.
State records show a person with the same name started a business called Moon Dance Farm in Lexington in February 2018. It was dissolved in October 2019 for failing to file an annual return.
Custer started another company called Wildcat Field Services LLC in October 2019. It was dissolved a year later after failing to file an annual return.
The bank fraud charges against Custer carry a maximum sentence of 30 years in prison.
The indictment includes one count of forfeiture seeking to recover $1,572,697 Custer allegedly received as a result of fraud.
Court records do not mention an attorney for Custer and attempts to reach him were unsuccessful.
This story was originally published May 20, 2022 9:18 a.m.