Sunday, February 03, 2008

Ohio Judge Knocks $2M Off Akron-Area Fraud Suspect's Still Unaffordable Bond

In Summit County, Ohio, the Akron Beacon Journal reports:
  • A Summit County judge reduced the bond Friday to $1 million cash for former Evergreen Corp. President David B. Willan, but afterward Willan's lawyer told the court there still was ''no possibility'' that he could pay that amount to get out of jail. Willan, 37, has been held at the county jail on a $3 million bond since his Dec. 19 arrest. [...] Willan, the principal figure in a 147-count indictment alleging widespread Akron-area mortgage fraud, is charged with multiple first-degree felonies that potentially could mean incarceration for 54 to 319 years, [Common Pleas Judge Thomas A. ] Teodosio noted.

For more, see Bond is reduced for Willan (Former Evergreen executive still can't afford $1 million, lawyer says).

Foe story update, see Evergreen leader fails to raise cash for bond (Lawyer says mortgage-fraud suspect lacks funds, might stay in jail through trial).

Go here for other posts on David Willan and the Akron-area 147 count mortgage fraud indictment.