FAYETTEVILLE, Ark. (AP) - Federal prosecutors in Arkansas say an Oklahoma man has been charged with fraud and money laundering.
U.S. Attorney Conner Eldridge says 41-year-old former northwest Arkansas businessman Andrew Judkins, now of Bixby, Okla., is charged with bank fraud, wire fraud, mail fraud and money laundering.
Judkins pleaded not guilty. His attorney, John C. Everett of Fayetteville, did not immediately return a telephone call Tuesday seeking comment.
Court records indicate Judkins is charged in a 12-count indictment. He is accused of defrauding Bank of the Ozarks and First Security Bank, and the lending companies Wells Fargo Equipment Finance, Inc. and GE Commercial Distribution Finance Corporation, in connection with his operation of a heavy equipment sales and rental company in Fayetteville.
Judkins allegedly did not repay loans when he sold the equipment.
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