Terrence Chalk, the owner of Compulinx Managed Services, and his nephew Damon Chalk were indicted this week on fraud and conspiracy charges. The pair allegedly falsified information on applications for loans, credit cards and credit lines, according to a statement from the U.S. Attorney for the Southern District of New York.
The defendants allegedly used Compulinx employees' and customers' personal information, such as their social security numbers and addresses, to obtain such financing. Terrence Chalk, a computer reseller in White Plains, N.Y., allegedly ran up more than $100,000 in unauthorized credit card charges. If convicted, the elder Chalk could face a maximum of 165 years in prison and a $5.5 million fine, while the younger Chalk could face a maximum of 35 years in prison and a $1.25 million fine.