Ohio man admits to defrauding Kentucky bank

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COVINGTON, Ky. (WTVQ)- According to the U.S. Attorney’s Office for the Eastern District of Kentucky, an Ohio man has admitted in federal court he defrauded an Ashland bank and seventeen people and businesses in Kentucky, Ohio, West Virginia, and Wisconsin of more than $4.6 million.

Anthony McQuaid, 47, pleaded guilty to one count of bank fraud and one count of wire fraud.

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McQuaid admitted he defrauded Town Square Bank in Ashland to obtain a loan for $1 million in 2014.

McQuaid is scheduled to be sentenced for 10:00 am on November 12, 2019, in federal court in Ashland, Kentucky. He faces up to 30 years in prison and a maximum fine of $1,000,000.

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Veronica Jean Seltzer joins ABC 36 as Anchor/Reporter. On most weekdays, you will see her reporting the news. VJ hails from a small horse farm outside New York City and most recently comes from South Bend, Indiana where she reported for the CBS and Fox affiliates. VJ holds a Master of Science in Journalism degree from Columbia University and a Bachelor of Arts degree from Tufts University. Her passion for journalism runs deep. It began as she studied graffiti as an ancient form of communication in Athens, Greece. While a student journalist in Morocco, she learned her most important journalistic lesson: good stories are about people. VJ loves life in and around Lexington. She feels most at home among horses and a diverse community of fascinating people. She enjoys reporting during the week and on the weekend she strives to bring her neighbors the news that matters most to them. VJ enjoys going to neighborhood events, exploring, horseback riding, skiing, sailing, and good movies. Look for her out and about in the community! VJ invites you to reach out to her with story ideas or just to say hello! Find her on Facebook at Veronica Jean Seltzer ABC 36, tweet her @VJS_ABC36, or email her at VSeltzer@wtvq.com. She looks forward to hearing from you!