San Luis Obispo Police say a Bakersfield man has been arrested on suspicion of fraud. Late last month police were contacted by officials with SESLOC Federal Credit Union regarding people who were applying for personal loans with fake and/or altered documents. Yesterday, investigators conducted an operation at the credit union and witnessed the 27-year-old man sign a loan document under false pretenses. He was arrested as he walked outside. How many people are involved in the scheme is unclear. The investigation is ongoing.
