Charlotte Man is sentenced to more than four years in prison for bank fraud | USAO-WDNC
CHARLOTTE, NC — Dino Crnalic, 36, of Charlotte, was sentenced today to 51 months in prison for a bank and electronic fraud scheme that defrauded the U.S. Small Business Administration (SBA) and others from more than $800,000, said Dena J. King, U.S. Attorney for the Western District of North Carolina. U.S. District Judge Max O. Cogburn Jr. also ordered Crnalic to pay more than $910,000 in restitution and serve two years under court supervision after his release from prison.
According to information contained in filings and court proceedings, from July 2017 to November 2019, Crnalic executed several fraudulent schemes and obtained over $800,000 in SBA-backed loans and attempted to obtain an additional loan from financial institutions insured by the federal government. Crnalic also fraudulently obtained other forms of funding through other entities. Crnalic said the loans would be used to fund various businesses in Charlotte, including a restaurant, Suki Akor, and Surge Fitness Centers, LLC (Surge). Court records show that, to secure loans and other financing guaranteed by the SBA, Crnalic submitted fraudulent loan documents and made various misrepresentations regarding the purpose of the loans and financing and the involvement of others. In reality, Crnalic lied about other people’s involvement in the businesses, and rather than using the loans to fund his business ventures, Crnalic used a significant portion of the proceeds to pay for personal expenses, including travel. in various casinos.
On April 13, 2021, Crnalic pleaded guilty to two counts of fraud at a financial institution, concealment of money laundering, misrepresentation to a bank in connection with a loan, and wire fraud.
In making today’s announcement, U.S. Attorney King credited the FBI’s Charlotte Division and the SBA’s Office of Inspector General for the investigation of this matter.
Assistant U.S. Attorney Daniel Ryan of the U.S. Attorney’s Office in Charlotte is prosecuting the case.