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




What are your thoughts CLICK HERE to leave us a "Your2Cents” comment.

Want to be in the know for the next weather event, the next school closing or the next big breaking news story?

TextCaster alerts from Indiana's NewsCenter are your defining source for instant information delivered right to your cell phone and email. It's free, easy and instant. Sign-Up Now!

Powered by Summit City Chevrolet



© Copyright 2014, A Granite Broadcasting Station. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

To submit a comment on this article, your email address is required. We respect your privacy and your email will not be visible to others nor will it be added to any email lists.