Terry Staton, the owner of J7 Vehicle Sales, was among seven individuals indicted by an Erath County grand jury Thursday.
Staton, 41, was indicted for misapplication of fiduciary property or property of a financial institution, a first-degree felony.
District Attorney Jason Cashon said Staton is accused of selling or disposing of 22 cars that First Financial Bank held the titles to and loaned him money on.
He did not repay the bank when he sold the cars, Cashon said. To date, none of the vehicles have been recovered.
Staton has reportedly hired Stephenville attorney Garry Lewellen to represent him. If convicted, he faces five to 99 years in prison and a maximum fine of $10,000.
Others indicted include:
James Ray Colston, 40, misapplication of fiduciary property or property of a financial institution, a third-degree felony.
Thomas Michael Dougherty, 43, possession of child pornography, a third-degree felony.
Jose Antonio Martinez, 28, forgery by passing, a state jail felony.
Kristen Vernell Northam, 41, two counts of making a false statement to obtain property or credit ($20,000 or more but less than $100,000), a third-degree felony.
James David Petty, 43, assault (with previous conviction), a third-degree felony.
Kristopher Colt Rowe, 24, possession of a controlled substance in penalty group 1 (less than one gram, enhanced), a third-degree felony.