Attorney General Masto Announces Indictment of Las Vegas Man for Loan Fraud


July 2, 2014

Las Vegas, NV – Nevada Attorney General Catherine Cortez Masto announced that Mark Edward Shelton, 45, of Las Vegas, was indicted by a Clark County Grand Jury for loan fraud on June 24, 2014.

    “Consumers seeking loans should use caution when evaluating an offer before deciding to trust anyone with their money,” said Masto. “My office will continue to prosecute illegitimate businesses that prey on unsuspecting consumers.”

      Shelton, is accused by the Clark County Grand Jury of having solicited victims to pay substantial fees for “guaranteed” business loan acquisition. Victims paid Shelton “fees” as large as $7,495 and did not receive the loans they had been promised.

        The charges include:

        • Two counts of theft by material misrepresentations in the amount of $3,500 or more;
        • Two counts of theft in the amount $650 or more;
        • One count of multiple transactions involving fraud and deceit in the course of enterprise or occupation; and
        • Four counts of unlawful receipt of money to obtain a loan for another.

          Shelton was arrested on June 27 and is presently in custody. He is scheduled to appear in District Court, Department 21 on July 3 at 9:30 a.m. on an indictment warrant return. Click here to read the indictment.

            Both cases are being prosecuted by Senior Deputy Attorney General Sam Kern and Deputy Attorney General Raya Swift.

              All defendants are presumed innocent until proven guilty in a court of law.

                 SHELTON, MARK EDWARD

                  (Photos courtesy of Las Vegas Metropolitan Police Department)

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