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Nine indicted in $40 million fraud scheme
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A federal grand jury in Phoenix returned a 33-count indictment against nine men, including four from Scottsdale and one from Cave Creek, for operating what law-enforcement authorities are calling wide-ranging mail fraud and money-laundering scheme that took in $40 million from victims.
FBI Special Agent in Charge John Lewis said today that the indictment claims that from May 2001 through June 2003 the men solicited investors to buy into medical outpatient companies whose profits and customer numbers were “grossly misrepresented.”
Under the scheme, prospective licensees paid between $100,000 and $165,000 to enter into contracts with the defendants’ medical outpatient facilities. Lewis alleges the defendants underestimated the costs and risks to investors, including patient numbers, potential income and profit.
The company, CORF Licensing Services, took in $40 million to date, Lewis said.
Listed as defendants in the indictment are: David Goldfarb, 58, Richard Ross, 67, Paul Woodcock, 60, and Colin McHale, 40, all of Scottsdale.
Milton Guenther, 51, of Phoenix, James Bonebrake, 59, of Cave Creek, Mike Ibler, 54, of Sweethome, Ore., and Raymond Marshall, 57, Brian Ongaro, 48, both of Frisco, Texas, also were indicted.
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