Police officer arrested on federal fraud charges www.privateofficer.com

Police officer arrested on federal fraud charges http://www.privateofficer.com

Cincinnati Oh. May 11 2008

A Cincinnati police officer was arraigned in federal court today to answer to charges he swindled homeowners facing foreclosure.
Adrian Mitchell, 35, faces 12 counts, including wire fraud, mail fraud and bank fraud. He is accused of operating a real estate business, R.I.C.H. Properties and/or R.I.C.H. Investments, which allegedly offered to help people in financial distress.

Authorities say he used a scheme to defraud the widow of a client out of $188,327.38 in benefits of a life insurance policy.
Mitchell also allegedly used fraudulent documents to try and secure loans on other properties.
He is on leave from the police department.

He faces up to 30 years in prison if he’s convicted.
Mitchell entered a not guilty plea in court this morning.

The judge set bond at $30,000, ten percent.

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