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Dallas Man Indicted in $20M Fraud Scheme | Texas News
A federal grand jury indicted 41-year-old Garrett Douglas Johnson of Dallas on six counts, including bank fraud and wire fraud, alleging he orchestrated a $20 million scheme by faking financial records to secure loans from banks and private lenders between 2018 and 2024. Across Texas and Oklahoma, Johnson allegedly inflated revenue and falsified trust account balances to obtain over $40 million in loans, using the funds to pay off debts—including his IRS bill—and fund other ventures. The FBI investigated, and prosecutors warn this undermines financial system integrity; if convicted, Johnson…
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