A 49-year-old Ohio man was indicted on April 8 on charges of bank fraud and conspiracy to commit bank fraud. The allegation is that the man used a straw buyer to get a mortgage loan and a line of credit in 2007. The man has previous convictions related to financial...
Fraud
Footage shows employee committing workers ‘compensation fraud
In Cuyahoga County, Ohio, a worker at a plant is being charged with workers' compensation fraud. The man claimed that he sustained injuries after falling in the production plant where he was employed. While investigating the incident, authorities in the case...
Trial date in lawmaker’s theft and securities fraud case set
When more than one person is accused of the same crime, the possibility of at least one of the people involved providing information to prosecutors in exchange for a plea bargain exists. This often leaves the other party or parties at a disadvantage at trial. An Ohio...
3 charged with mail and wire fraud in alleged student loan scam
Around a decade ago, an Ohio couple opened Carnegie Career College that purported to be a private school offering certain associates degrees and certificates. Financial aid was also available in the form of student loans. The alleged theft of over $2 million in...
Ohio state representative charged with fraud
His fellow republicans are calling for his resignation, but Ohio State Rep. Peter Beck has no intention of resigning. He says that the fraud charges filed against him are unsubstantiated. Rep. Beck has indicated that he is as much a victim in the situation as everyone...
Ohio business operator and others charged with food stamp fraud
Over 15 months ago, someone called in a complaint that a Lorain business was allowing people to purchase non-food items with a food stamp card. The subsequent investigation has now led to several arrests for fraud after an investigation by the Ohio Department of...
Man hit with fraud charges related to Ponzi scheme in Ohio
A Ponzi scheme is when investment advisers attract investors through promising high rates of return on their investments. However, in a Ponzi scheme there are no real returns, but instead the investment advisers use funds from new investors to pay the prior investors....
Executive in Ohio faces 25 counts, including bank and wire fraud
When a business obtains a loan from a lender for a specific purpose, the business is required to use the borrowed money for that particular purpose. If the business owner or managing officers of the business decide to use the loan for something other than the...