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MARYLANDBusinessman charged in $50M bank fraud caseBALTIMORE — A federal grand jury has indicted a Maryland businessman for allegedly scheming to fraudulently obtain $50 million in bank financing for his company and diverting some of the money for personal use.Officials say 56-year-old Mark Ian Gaver, of Bonita Springs, Florida, is charged with eight counts of bank fraud and two counts of money laundering.Prosecutors say Gaver, who was indicted last week, founded Gaver Technologies, an information technolog}' company based in Frederick. They allege that between 2008 and 2016, he submitted false financial documents to Santander Bank to obtain extensions and increases in lines of credit.Gaver, who is being detained pending trial, could face several decades in prison if convicted on all counts.
Newspaper Details
Capital Gazette
Annapolis, Maryland, US
Wed, Dec 13, 2017
Page 4
Full Page
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USA 19 May 2025
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