Dallas man indicted in alleged $20 million bank and wire fraud scheme

A federal grand jury has indicted 41-year-old Dallas resident Garrett Douglas Johnson on a six-count complaint tied to an alleged $20 million bank and wire fraud scheme. The Northern District of Texas case, filed Aug. 19, includes five counts of bank fraud and one count of wire fraud. Prosecutors say Johnson repeatedly falsified financial records to win loans, overstating revenue and fabricating law-firm trust account balances while hiding existing debt. Authorities allege he obtained more than $40 million in total loans from 2018 to 2024, naming FDIC-insured lenders such as Texas Capital Bank and Gateway First Bank. If convicted, he faces up to 30 years per bank-fraud count and up to 20 years for wire fraud.