By GvilleTX Newsroom
Garrett Douglas Johnson, identified on Marina Del Rey's website as its owner, was charged Aug. 19, 2026, in a federal indictment alleging bank and wire fraud tied to loans prosecutors say exceeded $40 million and produced more than $20 million in losses. The case reaches a Lake Texoma business listed by the U.S. Army Corps of Engineers among the lake's marinas and concessions, giving Cooke County readers a local recreation-market connection to the federal case.
The U.S. Attorney's Office for the Northern District of Texas said a grand jury charged Johnson, 41, with five counts of bank fraud and one count of wire fraud. The indictment is an allegation, not proof, and the Justice Department said Johnson is presumed innocent unless prosecutors prove the case beyond a reasonable doubt.
According to prosecutors, Johnson used companies he claimed to own, manage or partner in while seeking loans from 2018 through 2024. The indictment names Marina Del Rey, LLC, American Select Partners, LLC, 30Days Holdings, LLC and Blue Duck Energy, LTD among those entities.
Prosecutors allege Johnson gave lenders false financial records, inflated revenue figures and invented trust-account balances while seeking financing, largely from FDIC-insured banks. The U.S. Attorney's Office said he also failed to disclose major existing debt while representing that money was held in law-firm-managed trust accounts.
One allegation ties the case directly to Marina Del Rey. Prosecutors cite a December 2021 Happy State Bank loan that was supposed to pay for marina improvements, then allege Johnson redirected millions of dollars from that loan toward oil and gas interests.
The indictment also alleges Johnson used newer loan money to pay earlier fraudulent loans, support business ventures unrelated to the loans and move funds into a personal account to pay the IRS.
Marina Del Rey's website said Johnson had owned the marina since 2016. The site also said the marina and cafe were closed until further notice and listed 580-564-6266 for slip inquiries. In a message attributed to Johnson, the site linked repair delays to storm damage and an insurance-coverage dispute, describing the insurance claim as a multi-million-dollar matter.
Separate bankruptcy court records show Marina Del Rey, L.L.C. had hearings set March 31, 2025, in the U.S. Bankruptcy Court for the Northern District of Texas on cash collateral, stay relief and motions to dismiss. Those records do not decide the criminal allegations against Johnson.
The Corps lists Marina Del Rey, also identified as Soldier Creek Resort, among Lake Texoma marinas and concessions. The Corps describes Lake Texoma as a major recreation site, with nearly 7 million annual customers, and says recreation is one of the lake's authorized public purposes.
If convicted, Johnson faces the federal penalties attached to the charged offenses. The U.S. Attorney's Office said each bank-fraud count carries up to 30 years in prison, while the wire-fraud count carries up to 20 years, and prosecutors are seeking forfeiture of property tied to the alleged offenses.
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