Federal prosecutors alleged in court on Wednesday that D.C. Council Chairman Kwame Brown overstated his income by tens and thousands of dollars in order to secure a home equity loan and to purchase a boat.
The charges were part of a “criminal information” filing in D.C. court, a type of legal filing which foreshadows a plea agreement.
The filing says that Brown, from August 2005 to August 2007, “knowingly and willfully devised a scheme and artifice to defraud Industrial Bank, N.A., and to obtain moneys, funds, credits, assets, securities, and other property owned by, and under the custordy and control of, Industrial Bank, N.A., by means of materially false and fraudulent pretenses, representations, and promises.”
Filing embedded below.