Texas Man Arrested for Bank Fraud and ID Theft

The United States Attorney General for the Eastern District of Texas, John M. Bales in a press release on September 18^th announced that Clifford Wayne Robertson, 42 was indicted September 10^th and was formally arrested on the 18^th on charges of Federal Bank Fraud and Identity theft.

Mr. Robertson, from Murphy, Texas appeared before United States Magistrate Judge Amos L. Mazzant to be formally charged by the court.

The investigation according to the indictment claims that Mr. Robertson alleged to be a Real Estate Investment Advisor. Mr. Robertson hosted an A.M radio talk show that focused on real estate investments. He also conducted face to face tutorials involving the same subject matter. The allegations against Mr. Robertson date back to December of 2007 in which he is alleged to have used another person’s identity to present to financial institution fraudulent financial statements in order to receive loan proceeds under false pretenses.

Mr. Robertson faces up to thirty two years in federal prison in regard to the charges currently alleged against him if he should be convicted.

The case against Mr. Robertson was investigated by the Federal Bureau of Investigation and will be prosecuted by Assistant United States Attorney Tammy Reno.

Attorney General Bales clarifies that the indictment against Mr. Robertson is merely an allegation that a crime has taken place and that Mr. Robertson is innocent until proven guilty in a court of law.

The press release did not note if Mr. Robertson had posted bail or if bail had been set in regard to his arrest.