A Rossford man has been charged with crimes related to the fraudulent sales of at least 33 homes in the Toledo area.
Herman Wayne Bradley, 59, is accused of defrauding several lending institutions in 2005 and 2006 by representing false sales prices on homes, then adding ‘addendums’ for a lower sales price and keeping the difference.
Bradley is charged with 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 court documents.
Prosecutors are 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.
Bradley faces a serious sentence if convicted, with the court determining the length of the sentence after reviewing factors such as his prior criminal record, role in the offense, and the characteristics of the violation.
The Internal Revenue Service-Criminal Investigations, Toledo, Ohio, is the investigating agency in this case, and Assistant United States Attorney Gene Crawford is handling the case.
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.
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Key Facts
- State: Ohio
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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