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Riverview Man Arrested For Defrauding Local Credit Unions

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United States Attorney Maria Chapa Lopez announces the unsealing of an indictment charging Richard E. Bowe (40, Riverview) with four counts of making false statements to federally insured credit unions. If convicted, Bowe faces a maximum penalty of 20 years in federal prison on each count. The indictment also notifies Bowe that the United States intends to forfeit $96,184.13, which is alleged to be the proceeds of the charged criminal conduct.