BUCKHANNON — A Grafton man has been arrested for obtaining property by worthless check, a felony.
Michael Todd Satterfield, 42, of Buckhannon, allegedly opened a bank account at Progressive Bank in Weston on Jan. 24 and deposited $3,600; however, Progressive Bank was notified later that the funds were not available to cover the transaction, according to the criminal complaint in the Upshur County Magistrate Clerk’s office.
The next day, Satterfield allegedly made a deposit into a checking account of Vapor Oilfield Services, which he had previously opened with fraudulent documentation, in the amount of $8,042, according to the criminal complaint. Satterfield then made a withdrawal of $390, allegedly knowing funds were not available to cover the transaction, according to the criminal complaint.
Lt. Mark Davis with the Upshur County Sheriff’s Department is the investigating officer.
Satterfield was arraigned in Taylor County Magistrate Court, where bond was set at $50,000.
If convicted, Satterfield faces a fine of not more than $500 or imprisonment in the penitentiary not less than one year nor more than 10 years, or both.