FOR IMMEDIATE RELEASE CRM TUESDAY, OCTOBER 1, 1996 (202) 514-2007 PRIVATE DETECTIVE INDICTED ON BANK FRAUD AND FALSE STATEMENT CHARGES IN CLEVELAND, OHIO CLEVELAND, OHIO -- The Department of Justice announced that William N. Spognardi, Jr., a private detective in Mansfield, Ohio, was indicted today by a federal grand jury in Cleveland on bank fraud and false statement charges. The two-count indictment charges that Spognardi and an inmate at the Mansfield Correctional Institution, James D. Crow, submitted false and fraudulent documents to a Mansfield, Ohio bank in order to obtain a $101,200 loan for Crow's company. Crow used the funds to finance the purchase of four rental properties from Spognardi. Crow, the inmate. previously pled guilty to the bank fraud scheme as part of a racketeering charge that included corruption, fraud, and drug distribution schemes that he carried out from inside the prison. Spognardi, 42, a former deputy sheriff, faces up to 60 years in prison and a fine of $2 million if convicted on these charges. This indictment stems from an ongoing investigation into corruption and other misconduct at the Mansfield Correctional Institution. The investigation is being conducted jointly by the FBI, the Ohio State Highway Patrol, and the Ohio Department of Rehabilitation and Correction. The case is being prosecuted by the Public Integrity Section of Criminal Division of the Department of Justice. 96-485