Okemah Man Ordered To Serve 40 Months, Pay $3.8 Million In Restitution

OKLAHOMA CITY (AP) -- An Okemah man received a 40-month prison term for illegally obtaining nearly $4-million by making false statements to federally insured banks.<br/><br/>US District Judge Terence Kern

Wednesday, January 10th 2007, 6:15 am

By: News On 6

OKLAHOMA CITY (AP) -- An Okemah man received a 40-month prison term for illegally obtaining nearly $4-million by making false statements to federally insured banks.

US District Judge Terence Kern also gave 31-year-old Vurlin Ronald Crawford five years of supervised release Tuesday to follow his prison term and ordered him to pay $3.8-million in restitution.

Crawford pleaded guilty October 4th to one count that alleged he made false statements to a bank to secure a loan. A federal grand jury indicted him April 7th.

Crawford was accused of making fraudulent applications for loans between October 2002 and June 2003 to Stillwater National Bank in Oklahoma City and Regent Bank in Nowata. The Stillwater bank loan was guaranteed by the US Department of Agriculture's Rural Development Program.

In each application, Crawford said his company, Goodhope Machine and Manufacturing, owned manufacturing equipment worth millions and that he had a purchase order showing that a company owed Goodhope more than $1-million.

It turns out he didn't have the equipment and had created a phony purchase order.