Ohio AG Indicts Two in $38M+ Mortgage Fraud Involving Seven Apartment Complexes

From the Office of the Ohio Attorney General:

• Ohio Attorney General Richard Cordray's Ohio Organized Crime Investigations Commission announced today the indictments and arrests of two men alleged to have perpetrated one of the largest mortgage fraud schemes ever in Franklin County. John Wanek, 55, of Phoenix, Ariz., and Robert Swanigan, 30, of Mesa, Ariz., were indicted Friday by the Franklin County Grand Jury and were arrested Monday in Arizona.

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• The indictment charges Wanek with 33 counts, including engaging in a pattern of corrupt activity, theft, forgery, telecommunications fraud, money laundering, and receiving stolen property. Swanigan is charged with theft and falsification. [...] Investigators report that in the past six years Wanek obtained commercial loans in the Columbus area through the use of false statements and forged documents. Wanek obtained loans for the purchase of six Columbus apartment complexes and one Indianapolis apartment complex. Wanek then defaulted on the loans.

For the entire Ohio AG press release, see Investigation of Multi-Million Dollar Apartment Complex Mortgage Fraud Leads to Indictments and Arrests.

For the indictment, see State of Ohio v. Wanek.