The previous owner of the now closed Johnny's car dealerships is facing five federal charges.
South Carolina's U.S. attorney says Johnny Dangerfield of Johnny's Suzuki and Subaru has been indicted on a number of fraud and money laundering charges.
Four other men, three from the lowcountry, have also been charged in the case.
According to the indictment, between July 2004 and February 2009, the five men lied to the bank about the status of vehicles that were being sold from dealerships in Moncks Corner, Myrtle Beach and Easley.
The records say the men were then able to get about $3.8 million dollars from the bank. They all face charges of conspiracy to commit bank fraud and conspiracy to commit money laundering.