KANSAS CITY – A former Johnson County restaurant owner was indicted Wednesday on charges of fraudulently obtaining $605,000 in loans, according to U.S. Attorney Barry Grissom.
Charles Waits, 54, Lenexa, Kan., was charged in a superseding indictment with one count of bank fraud and two counts of making false statements to a lender. The indictment alleges Waits, a partner in Kansas City Sports Grille, Inc., obtained two commercial loans through Community America Credit Union. He gave the lender a financial statement with false statements regarding his personal assets and net worth.
The indictment seeks a monetary judgment of $605,000, representing the proceeds of the crimes.
If convicted, he faces a maximum penalty of 30 years in federal prison and a fine up to $1 million on each count. The U.S. Secret Service investigated. Assistant U.S. Attorney Chris Oakley is prosecuting.