Kokomo Man Arrested On Charges Of Financial Fraud Totaling $300,000

By Ian Hoover- 21Alive

Kokomo Man Arrested On Charges Of Financial Fraud Totaling $300,000

July 4, 2014 Updated Jul 4, 2014 at 2:54 PM EDT

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

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