Man accused of defrauding bank of $5.8 million using cattle
June 29, 2018
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...