GRANT COUNTY, Ind. (21Alive) -- A Kokomo man is behind bars on four financial related felony charges.
Charles Scott Defabritis, 50, was arrested after a four month long investigation conducted by the Indiana State Police Department.
According to lead detective Mike Tarrh, the ISP received a complaint from Grant County State Bank that they had been the victims of fraud.
The investigation revealed that Defabritis obtained several farm loans totaling $600,000 using false information and collateral. Payments were allegedly not made. Some property was repossessed but the total losses are approximately $300,000.
Defabritis was charged with the following:
• Corrupt Business Influence (2 Counts), Class C Felony
• Fraud on a Financial Institution, Class C Felony
• Theft, Class D Felony
What are your thoughts CLICK HERE to leave us a "QUESTION OF THE DAY” comment.
© Copyright 2015, A Granite Broadcasting Station. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.