Aiken man, brother are charged with fraud in Maryland

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BALTIMORE - Federal prosecutors say two brothers face fraud charges in connection with a $1.75 million loan they obtained on behalf of a Hagerstown ministry.

The U.S. Attorney's Office announced Thursday that a federal grand jury in Baltimore indicted 53-year-old Otis Ray Hope of Aiken, S.C., and 51-year-old Richard Wayne Hope of Denham, La., on bank fraud and conspiracy charges.

Prosecutors say the pair falsely told bank officials that the Shiloh Conference and Retreat Center had reopened for business when it had not and submitted fraudulent financial statements overstating assets and cash flow.

Prosecutors say the pair, who also face tax evasion charges, face up to 30 years in prison on the bank fraud counts.

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