INDIANAPOLIS — A Yorktown contractor faces federal counts of bank fraud.
According to a news release from the U.S. Department of Justice, Richard Turner — a 38-year-old general contractor and owner of Turner Remodeling — in March 2025 was hired by a health-care company to complete an expansion and renovation project.
Court documents identify the health-care company only as “Company A.”
An indictment alleges Turner in April 2025 received a construction loan from the health-care business for $778,224 to pay for the expansion and renovation work.
A release of funds to Turner was only to come after he submitted lien waivers indicating he had paid subcontractors.
However, the court document said Turner submitted “falsified lien waivers” indicating subcontractors had completed work that was never actually done.
Turner received money from a bank, the affidavit said, and then stole $188,000 to pay for personal expenses, including gambling.
The indictment followed an FBI investigation.
Turner is charged in US. District Court with nine counts of bank fraud. If convicted, each count carries up to 30 years in prison and a $1 million fine.
Federal authorities did not seek pretrial detention for Turner.
Turner’s trial was set to begin on June 29, but Judge Sarah Evans Marker granted a defense request for a continuance. The trial is now set for Oct. 26.
Douglas Walker is a news reporter for The Star Press. Contact him at 765-213-5851 or at dwalker@muncie.gannett.com.
This article originally appeared on Muncie Star Press: Delaware County contractor charged with federal counts of bank fraud
Reporting by Douglas Walker, Muncie Star Press / Muncie Star Press
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By Douglas Walker, Muncie Star Press | USA TODAY Network
