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A man from Egg Harbor Township, who faked his disappearance in a staged boating accident in 2014 to avoid prosecution, has admitted to sending a false distress call to the Coast Guard and submitting fraudulent information for a loan. Acting U.S. Attorney Rachael Honig says 51-year-old Andrew Biddle pleaded guilty Wednesday to one count of bank fraud and one count of causing the U.S. Coast Guard to render unnecessary aid. Get our free mobile app According to Honig s office, in the summer of 2014, Biddle submitted documents to a credit union to secure a loan for $55,000; he listed a boat as collateral for the loan and provided a fraudulent appraisal for that vessel. Biddle also falsely listed his gross earnings as owner of Professional Boat, a document that falsely inflated the net income for Professional Boat, and a fake income tax return. Based on that incorrect information, Biddle received the loan in the full requested amount.

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