Rossford Man Charged with Crimes Related to Fraudulent Sales Of 33 Homes In Toledo Area
A criminal information was filed charging Herman Wayne Bradley, 59, of Rossford, Ohio, for his role in a bank fraud conspiracy, said Steven M. Dettelbach, United States Attorney for the Northern District of Ohio.
Bradley is accused of defrauding several lending institutions related to the sale of at least 33 properties in the Toledo area in 2005 and 2006. He did this by representing to various lenders false sales prices on homes, then adding “addendums” for a lower sales price and keeping the difference, according to court documents.
Bradley faces one count each of conspiracy to commit bank fraud, bank fraud, money laundering and filing a false tax return.
The conspiracy took place between November 2005 and continuing through December 2008, according to the information.
Prosecutors are also seeking to forfeit more than $2 million in cash seized in 2011 from 713 Glenwood Road, Rossford, as well as a 2010 Ford F-150 truck.
If convicted, the defendant’s sentence will be determined by the Court after reviewing factors unique to this case, including the defendant’s prior criminal record, if any, the defendant’s role in the offense and the characteristics of the violation. In all cases the sentence will not exceed the statutory maximum and in most cases it will be less than the maximum.
The investigating agency in this case is the Internal Revenue Service-Criminal Investigations, Toledo, Ohio. The case is being handled by Assistant United States Attorney Gene Crawford.
An information is only a charge and is not evidence of guilt. Defendants are entitled to a fair trial in which it will be the government’s burden to prove guilt beyond a reasonable doubt.