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Local man suspected in federal fraud case

In connection with a nationwide effort to crackdown on mortgage fraud, a McDonough man is under investigation by federal authorities.

Christopher Bernard Loving, 32, consented Tuesday to the charge of making false statements to Special Agents of the Office of the Special Inspector General for the Troubled Asset Relief Program.

He is suspected in a case involving payment of kickbacks to a former officer of the now-failed Omni National Bank, according to Patrick Crosby, spokesman for the U.S. Attorney's Office in Atlanta.

"Loving's guilty plea hearing is now scheduled for June 24, before District Judge Jack T. Camp in Newnan," Crosby said. "Loving faces a maximum possible sentence of up to 5 years in prison and a fine of up to $250,000."

Details of the fraud investigation, titled "Operation Stolen Dreams," were announced Thursday in Washington, D.C., by the U.S. Department of Justice. Additional cases in the probe, according to Crosby, center on frauds allegedly committed by suspects in Atlanta, East Point, Lithonia, Dunwoody, Cumming, and Hoschton, Ga.

-- Jason A. Smith