Darlington, SC - DARLINGTON, SC (WMBF) - A 44-year-old Darlington man has pleaded guilty Thursday in federal court to mail fraud charges.
U.S. Attorney William Nettles said the plea from Larry Hickman was accepted by a federal court judge in Florence.
Evidence presented at the plea hearing established that Hickman filed disputes with Equifax and other credit agencies, claiming he did not have as many bad debts as were reflected on his credit reports. Fictitious letters were created by Hickman to appear someone else had been obtaining loans in his name.
Officials said Hickman's act resulted in a more favorable credit history, allowing him to obtain loans that he otherwise would have not qualified for. Loans obtained by Hickman, according to Nettles, caused losses of more than $38,000.
The maximum penalty Hickman can receive is a $1 million fine and 30 years in jail, in addition to a special assessment of $100.