Alva Review-Courier -

Man accused of defrauding bank of $5.8 million using cattle

 


DENTON, Texas (AP) — Authorities in Texas have arrested a man accused of receiving more than $5.8 million in bank loans by fraudulently using 8,000 head of cattle there and in Oklahoma as collateral.

Officials say 67-year-old Howard Lee Hinkle of Wichita Falls, Texas, was arrested Wednesday after he was indicted by a grand jury in Denton County for first-degree felony theft of more than $200,000.

Law enforcement says Hinkle defaulted on loans secured by the yearling cattle. But authorities say bank officials acting on a court order couldn't find any of the animals.

Court records indicate...



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