A man from Sterling has been indicted in U.S. District Court in St. George after his business allegedly bilked more than 20 individuals out of more than $1.2 million through a series of fraudulent schemes. Ryan Palmer is facing three charges including bank fraud, wire fraud and money laundering.

According to an investigation into Palmer Equipment LLC, the illegal activity began in 2017 and included but is not limited to: telling banks he owned equipment that was on consignment, selling equipment he did not lawfully own, delivering defective equipment, altering or removing serial numbers and place cards from the equipment and failing to deliver equipment.

Palmer is scheduled to make an initial appearance in U.S. District Court in St. George on Jan. 11.