Source: Office of United States Attorneys
OKLAHOMA CITY – AARON D. JOHNSON, 42, of Oklahoma City, has pleaded guilty to defrauding Farmers Bank, announced U.S. Attorney Robert J. Troester.
On January 3, 2025, Johnson was charged by Information with bank fraud. Between September 2017 and November 6, 2018, Johnson was the President and Chief Executive Officer of Farmers Bank (the Bank), with branches in Carnegie and Oklahoma City, and had access to the Bank’s operating account credit card. According to the Information, between September 2017 and July 30, 2018, Johnson used the Bank’s card to pay his personal expenses, causing an overdraft in the Bank’s operating account of approximately $200,000. On July 30, 2018, Johnson approved a modification to a loan, without approval from the Bank’s board of directors, that renewed the loan in an increased amount. The Information further alleges that Johnson caused a $200,000 advance on the loan, wired the money into an account he controlled, and used the $200,000 to repay the overdraft that he caused.
On February 4, 2024, Johnson pleaded guilty, and admitted he knowingly executed a scheme to obtain money from the Bank by means of false or fraudulent pretenses. At sentencing, Johnson faces up to 30 years in federal prison and a fine of up to $1,000,000.
This case is the result of an investigation by the Federal Deposit Insurance Corporation Office of Inspector General. Assistant U.S. Attorney Julia E. Barry is prosecuting the case.