INDIANAPOLIS- Richard Turner, 38, of Yorktown, Indiana, has been charged in a federal indictment alleging nine counts of bank fraud.
According to court documents, Turner worked as a general contractor and owned Turner Remodeling LLC. In March 2025, Company A, a healthcare facility in Muncie, Indiana, hired Turner for an expansion and renovation project. On April 5, 2024, Company A obtained a construction loan of approximately $785,225 from Bank A to pay Turner and his business for the work. Under the loan agreement, Bank A would release funds only after Turner submitted lien waivers certifying that he had paid subcontractors for their services, including plumbing and electrical work not performed by Turner Remodeling LLC.
Instead, Turner allegedly submitted falsified lien waivers to Bank A, claiming that five subcontractors had completed work they did not perform. He is also accused…
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