Pinal County farmer and wife indicted in loan casePosted: Updated:
PHOENIX (AP) -- A Pinal County farmer and his wife have been accused of misusing money from a government loan last year and making false statements to a federal agency.
A grand jury in Phoenix last week indicted 51-year-old Carlos Carley Carranza Jr. and his 30-year-old wife, Laura Brooke Murrill.
Prosecutors say Carranza was approved for a $300,000 federal loan but the money was to be used only for farm operating expenses.
They say Carranza deposited the $120,000 first installment into his bank account in April 2010 and gave $20,000 to a friend. Murrill allegedly spent $85,000 on a car and personal items.
Authorities say Carranza and his wife submitted a handwritten receipt that falsely stated the loan money was spent on farm operating expenses.
It's unclear whether the couple has a lawyer.