Burghill Man Charged with Making False Statement to Financial Institution
| U.S. Attorney’s Office November 09, 2011 |
Steven M. Dettelbach, United States Attorney for the Northern District of Ohio, today announced that a federal grand jury sitting in Cleveland, Ohio, returned a one-count indictment charging Jay D. Davidson, age 30, of Burghill, Ohio, with making a material false statement to a financial institution.
The indictment charges that on or about May 3, 2005, Davidson made a false statement in connection with a loan application in which he provided tax documents and annual income figures for JBT Enterprises knowing that these figures were fictitious.
If convicted, the defendant’s sentence will be determined by the court after review of factors unique to this case, including the defendant’s prior criminal record, if any, the defendant’s role in the offense and the characteristics of the violations. In all cases, the sentence will not exceed the statutory maximum and, in most cases, it will be less than the maximum.
The investigation preceding the indictment was conducted by the Federal Bureau of Investigation - Youngstown Resident Office. The matter is being prosecuted by Assistant United States Attorney David M. Toepfer.
An indictment is only a charge and is not evidence of guilt. A defendant is entitled to a fair trial in which it will be the government’s burden to prove guilt beyond a reasonable doubt.