A federal grand jury in the Northern District of Texas has returned a six-count indictment against a 41-year-old Dallas man accused of running a multi-year bank and wire fraud scheme that allegedly caused more than $20 million in losses to banks and private lenders.
U.S. Attorney Ryan Raybould announced the charges on Thursday. Garrett Douglas Johnson is charged with five counts of bank fraud and one count of wire fraud. The indictment was returned August 19.
Official Announcement and Charges
The U.S. Attorney’s Office for the Northern District of Texas stated that Johnson allegedly obtained more than $40 million in loans between 2018 and 2024 by submitting falsified financial records. Prosecutors say he overstated revenue, fabricated balances in law firm trust accounts, and concealed existing debt.
According to the announcement, Johnson presented himself as an owner, manager, or…
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