BOISE — A federal grand jury in indicted two Bountiful residents Wednesday on multiple counts of financial fraud and making false statements on mortgage applications.
A 17-count indictment of Aaron Hymas, 37, and Tiffany Hymas, 36, also includes allegations of wire fraud and bankruptcy fraud, according to federal prosecutors.
The charges stem from an investigation into Crestwood Construction and Crestwood Inc., companies engaged in remodeling and reselling homes in Utah and Idaho.
The indictment alleges that between February 2005 and March 2007, the couple made false statements on 30 mortgage loans worth $8 million. Prosecutors claim the couple inflated their monthly income and that those fraudulent documents caused significant losses for banks.
The couple, now living is also accused of scheming to defraud creditors in April 2007 — nearly a year before filing for bankruptcy — by hiding their assets. Bankruptcy documents filed in June 2008 showed the Hymases were nearly $70 million in debt.
The Hymases are additionally charged with transferring $325,000 into accounts for various trusts and entities they formed just months before filing bankruptcy, according to the indictment.
They are scheduled to appear in federal court in Boise on March 7.
- Author, activist speaks at Theodore Roosevelt...
- Man accused of killing UTA worker dies in prison
- Women underrepresented across Utah's...
- Mike Lee, US Senate to hold monument meeting...
- 7 tips for summer travel while pregnant
- Area museums help visitors ‘slow down,...
- The tiny town that set out to be Utah's...
- Jim Bennett: One 11-year-old's perspective on...
- Planned Parenthood 'CTR' campaign draws... 50
- New rule sparks debate over teacher... 44
- Utah Democrats headed to 'historic'... 29
- Utah Democrats see opportunity in... 17
- Utah Democrat: Kaine 'kind of person we... 15
- Women underrepresented across Utah's... 9
- Mike Lee, US Senate to hold monument... 9
- Prosecutors say Jeremy Johnson should... 7