Beaufort News

7 charged in $800,000 auto-loan scheme

A Bluffton man and a Beaufort woman were among seven indicted for their alleged roles in an auto-loan scheme involving more than $800,000, according to a U.S. Attorney's Office.

Floyd Hargrove, 41, of Bluffton and Elizabeth Donnelly, 47, of Beaufort were indicted -- along with others from Mount Pleasant, Greenville and Hanahan --on charges of conspiracy to commit bank fraud. The maximum penalty is 30 years in prison, the office said Tuesday.

The indictment alleges they obtained auto loans by providing false documentation to more than 16 banks and credit unions. Hargrove, Donnelly and four others also are charged with providing false information on a loan application.

The case, which was investigated by the FBI, is being prosecuting by Assistant U.S. Attorney Nathan Williams in Charleston.