CLARKSBURG, W.Va. — A former bank executive in Harrison County is facing fraud charges. John P. Aman, 60, of Clarksburg, was indicted Tuesday on eleven counts of bank fraud for allegedly fraudulently obtaining loans in the name of an elderly relative.
Aman, who had formerly worked as a vice president at Huntington National Bank and West Union Bank, is accused of borrowing nearly $500,000 in the name of an in-law by abusing the power of attorney the victim had provided to him.
“Mr. Aman is alleged to have abused that power and also to have abused his position at Huntington Bank and West Union Bank to bypass various policies and regulations that may have prevented the loans from being approved,” said Bill Ihlenfeld, U.S. Attorney for West Virginia’s Northern District.
Aman also allegedly misrepresented the purposes of the loans to the lenders.
Additionally, Aman was accused of borrowing money from Freedom Bank and using stocked owned by the victim as collateral for that loan. When the required payments on the loan at Freedom Bank were not made, the victim’s stock was sold to meet the obligation.
The victim of the scheme died in 2011 at the age of 89.
No sentencing date has yet been scheduled for Aman. He faces up to 30 years in prison on each of the eleven bank fraud counts along with a fine of up to $1 million.
Aman currently works as general manager for the Central West Virginia Transit Authority, also called CENTRA, in Clarksburg. Ihlenfeld said on Wednesday’s MetroNews “Talkline” the charges were not connected to his work in that role.