 Frederick Avery submitted two loan applications in 2020 and 2021, claiming he was the full owner of Superior Cruise and Travel LLC, but he had already sold the agency to a Pennsylvania company in 2019. Avery said the loans were for payroll, utilities, and mortgage interest and submitted falsified bank statements from a non-existent account. He now faces up to 30 years in prison, followed by up to five years of supervised release and a maximum fine of $1 million.