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Arrest made in San Luis Obispo for loan fraud 

Gary Nelson, 27, of Bakersfield arrested

– Last Wednesday, San Luis Obispo Police Department detectives were contacted by SESLOC Federal Credit Union regarding people who were applying for personal loans with fictitious and/or altered documents.

On Thursday, the San Luis Obispo Police Department conducted an operation at SESLOC on Broad Street in San Luis Obispo. During the operation, the suspect, later identified as 27-year-old Gary Nelson from Bakersfield, walked into SESLOC and signed loan documentation under false pretenses. Detectives monitored the transaction and contacted Nelson as he walked outside. He was arrested for theft/fraud under false pretense and was booked into the San Luis Obispo County Jail.

This investigation is ongoing. No further information is available at this time.

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