Man charged in scheme to fraudulently buy Maxim magazine

Calvin Darden, Jr. was charged by federal prosecutors Thursday for allegedly crafting an intricate scheme to defraud banks and impersonate his prominent father in an attempt to buy  men’s magazine Maxim.

The U.S. Justice Department alleges Darden lined up $28 million in loans from three lenders illegitatemly by pretending to be his father, Calvin Darden, a director at Target and former executive at United Parcel Service, according to Fox News.

The indictment filed in the Southern District of New York alleges Darden convinced a lender to provide his firm, Darden Media, with a $3 million loan based on what turned out to be fraudulent financial statements. Further, Darden allegedly said he would provide stocks owned by his father as collateral and presented a made-up brokerage statement as proof of their existence. No payments were ever made on that loan, according to the indictment.

Fox News reports the deal nearly came to fruition.

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