(Radio Iowa) – Two former executives of a Cedar Rapids non-profit are facing charges. Forty-six-year-old Aaron McCreight, and 54-year-old Doug Hargrave are each charged with one count of bank fraud. The charges alleged that McCreight, who was then C-E-O of Go Cedar Rapids (“Go-C-R”), and Hargrave, who was the organization’s finance director, executed a scheme to get thousands of dollars in loans to finance the Newbo Evolve music and cultural event in August of 2018.

The information alleges the two made misrepresentations about the event’s ticket sales, projected revenue, projected expenses, and the true amount of loss expected to get the bank to loan them the money.

The two are awaiting their first court appearance on the charges.