GRANT COUNTY, Ind. (WOWO): A Kokomo man has been arrested on multiple money scams.
Indiana State Police conducted a four month investigation on 50 year old Charles Scott Defabritis of Kokomo. They say Defabritis obtained several farm loans totaling around $600,000 using false information and collateral. They also say payments were not made on the loan.
After repossession of the property, the total loss of the loan remains around $300,000. The Grand County Prosecutor has charged Defabritis with 2 counts of Corrupt Business Influence, Fraud on a Financial Institution and Theft.
Defabritis was taken into custody without incident and incarcerated in the Grant County Jail in lieu of a $20,000 bond.
