Share
Federal agents arrested a Fresno man, Kenneth Shane Patterson, at his home Friday morning after he was indicted by a grand jury for wire fraud, bank fraud, and tax evasion.
According to federal court documents, Patterson, 42, persuaded a Southern California business owner to give him more than $1 million so that Patterson could buy a skilled nursing facility in Pasadena. Patterson promised to then sell the facility to the business owner at well below market value.
Listen to this article:
Patterson allegedly told the business owner that he needed the money to clear liens and pay other expenses so the deal would close. The reality, according to the Department of Justice, was that Patterson spent the money on other business ventures and personal expenses.
Alleged Check-Kiting Scheme
Court documents also indicate that Patterson allegedly defrauded Bank of America $150,000 through a check-kiting scheme. And he is accused of evading federal income taxes as far back as 2003.
The investigation of Patterson involved the Federal Deposit Insurance Corp., the FBI, and the Internal Revenue Service. Assistant U.S. Attorneys Vincente Tennerelli and David Gappa are prosecuting the case.
Potential Prison Sentence, Fines
If convicted, Patterson would face as many as 30 years in prison and up to more than $1 million in fines.
Israel and Iran Bombard Each Other, Trump Says He Can ‘Easily’ End Conflict
21 hours ago
Trump Vetoed an Israeli Plan to Kill Iran’s Supreme Leader, US Officials Say
21 hours ago
Newsom Wanted To Fast-Track the Delta Tunnel Project. The Legislature Slowed the Flow
23 hours ago
Five Weeknight Dishes: Seven Ingredients or Fewer, Because Summer
1 day ago
Big Fresno Fair Unveils Second Wave of 2025 Concert Acts
1 day ago
Military Parade Barrels Through Nation’s Capital With Tanks, Troops and 21-Gun Salute
2 days ago
Authorities Still Searching for Suspect in Shooting of 2 Minnesota State Lawmakers
2 days ago
Caitlin Clark Returns and Leads Fever to Upset Win Over Unbeaten Liberty
2 days ago
Fresno Man Arrested in Fatal DUI Crash on Trimmer Springs Road
19 hours ago
Categories

Fresno Man Arrested in Fatal DUI Crash on Trimmer Springs Road

Israeli Military Kills 41 People in Gaza, Medics Say

Manhunt for Gunman Who Shot Two Minnesota Lawmakers Enters Second Day

Israel and Iran Bombard Each Other, Trump Says He Can ‘Easily’ End Conflict

Trump Vetoed an Israeli Plan to Kill Iran’s Supreme Leader, US Officials Say

Newsom Wanted To Fast-Track the Delta Tunnel Project. The Legislature Slowed the Flow

Five Weeknight Dishes: Seven Ingredients or Fewer, Because Summer
