A federal grand jury has indicted an Alabama man for making false statements to a bank on a commercial loan application that resulted in a loss to the bank of over $550,000, announced U.S. Attorney Prim F. Escalona and FBI Special Agent in Charge Carlton L. Peeples.

A one-count indictment filed in U.S. District Court charges Bermun Deamon McGhee, 44, of Talladega, with making false statements to obtain a bank loan.

According to the indictment, in December 2021, McGhee provided fraudulent information on a loan application to Peoples Bank of Alabama. McGhee fraudulently claimed, among other things, that he possessed $965,000 “Cash on Hand and in Banks” in various checking accounts and savings accounts.

FBI investigated the case. Assistant U.S. Attorney Ryan Rummage is prosecuting the case.

An indictment contains only charges. A defendant is presumed innocent unless and until proven guilty.