Four people are dead in two separate accidents in Central Ohio. In Pataskala, investigators say a head-on collision on East Broad took three lives. One vehicle crossed the center line. Early this morning, the driver of a pick-up truck was killed when he slammed into a tree in a residential area south of Route 104 [...]
Arizona Developer Pleads Guilty In Columbus Fraud Case.
Prosecutors say an Arizona developer has pleaded guilty in a $38 million mortgage fraud case in Ohio.
Prosecutors say 57-year-old John Wanek of Phoenix gave false and inflated financial information to Merrill Lynch and CIBC World Markets Inc. to buy six Columbus apartment complexes.
Franklin County Prosecutor Ron O’Brien said Monday that Wanek secretly diverted hundreds of thousands of dollars to himself and let the properties go into decline. O’Brien says contractors didn’t get paid for their work and tenants’ utilities were shut off.
Wanek pleaded guilty to eight charges, including money laundering. He is scheduled to be sentenced Sept. 1. The maximum sentence is 51 years in prison, but prosecutors agreed to ask for no more than nine.