Local Man Indicted In Loan Fraud And Money Laundering Scheme
COLUMBUS – A federal grand jury has charged Jason L. Gunsorek, 39, of Blacklick, Ohio, with making false statements to a federally insured financial institution in connection with loans to limited liability companies he created and controlled.
Carter M. Stewart, United States Attorney for the Southern District of Ohio, Kathy Enstrom, Special Agent in Charge, Internal Revenue Service Criminal Investigation (IRS), and Christy Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP), announced the superseding indictment returned March 31, 2015 against Gunsorek, which charges him with two counts of money laundering and with two counts of loan fraud.
According to the superseding indictment, in March 2009 Gunsorek made at least one false statement in securing a loan from CF Bank, a federally insured bank, to Fair and Fourth LLC, a limited liability company he controlled, in order to secure funds for the purpose of rehabilitating and making improvements to properties in the Columbus, Ohio area. The superseding indictment further alleges Gunsorek used 98 North High Partners, LLC, another limited liability company he organized and controlled, to make at least one other false statement in connection with another loan tied to the original loan, in which Gunsorek had a straw buyer secure a loan from CF Bank in order to purchase a parking lot located at 98 North High Street, Columbus, from a third limited liability company Gunsorek controlled, and this loan defeated the regulatory legal lending limits on CF Bank as to Gunsorek, and allowed CF Bank to disburse to Fair and Fourth LLC the proceeds of the original loan in the amount of $762,000.
The superseding indictment further alleges that once Gunsorek and Fair and Fourth LLC obtained the proceeds of the $762,000 loan from CF Bank, for the express and only purpose of rehabilitating and for making improvements to properties located at 1407-1415 North Fourth Street, 1309 Fair Avenue, and 1319 Fair Avenue, all of which are located in Columbus, Ohio, he used all those monies for other purposes at other companies he controlled, including Central Park ARC, LLC and Anchor Management Group, Inc.
In June 2009 Gunsorek allegedly committed money laundering by writing two checks from the bank account held at CF Bank in the name of Fair and Fourth LLC, one in the amount of $20,000 that was deposited in a bank account in the name of Central Park ARC, LLC and one in the amount of $295,000 that was deposited in a bank account in the name of Anchor Management Group, Inc.
Making false statements to obtain loans from a federally insured bank is punishable by up to 30 years imprisonment, and money laundering is punishable by up to 10 years imprisonment.
U.S. Attorney Stewart commended the cooperative law enforcement investigation, as well as Assistant United States Attorney Dale E. Williams, Jr., who is prosecuting the case.
An indictment merely contains allegations, and the defendant is presumed innocent unless proven guilty in a court of law.