Coopersville man convicted in $1M fraud case

A 54-year-old Coopersville man has been convicted in federal court of wire fraud in connection with a bogus land deal in Indiana.
Tribune Staff
May 3, 2014

The U.S. Attorney’s Office in Grand Rapids said Roger Lee Andrews — who owned R. Andrews Pallet Co. in Marne — solicited more than $1 million from friends, business acquaintances and a bank from 2006-08.

Federal investigators said Andrews told some of the victims that he already owned the property and needed additional capital to fund improvements so he could sell it at a profit. He told others he needed funds to purchase the property.

To further his scheme, Andrews created fake documents with forged signatures to make it appear as though he owned the property and had a contract to sell the property to the State of Indiana for more than $900,000.

In truth, Andrews never owned any property in Indiana, was never even involved in any deals in Indiana and later admitted to forging the documents. Instead of using his victims’ money as promised, he wired almost all of the funds to his stock trading account, where he lost it by engaging in risky margin trading.

“The truly sad part of this case is that Andrews preyed on longtime friends and business acquaintances,” U.S. Attorney Patrick Miles Jr. said. “He used those relationships and his victims’ misplaced trust as a means to commit his scheme, and they have suffered tremendously as a result. Unfortunately, this type of fraud is all too common in our district, and we remain committed to prosecuting those who engage in it.”

After the federal jury returned its verdict Thursday, the court immediately revoked Andrews’ bond and ordered him to remain in the custody of the U.S. Marshal’s Office pending his sentencing by U.S. District Judge Robert J. Jonker.
 

Comments

Interestedreader

Enjoy your vacation!

DKS523

Wow! Looks like we need to find a new pallet vendor! He called our business a while back and asked if we would give him some $. I never would have expected it from him.

16damons

Probably get 4 years and actually do 2 years in a federal pen (day for a day good time). After all is said and done, he only needs to file bankruptcy and unless the missing money is found... LOL, he will have made around $500k per year for his crime vs time. Crime doesn't pay? Only on the conscience... that is if a person has one. Federal time is quite a bit different from state time. Minimum security feds have movie theaters, rolling consession stands and conjugcal visits, hot plates, pans and a grocery list to rival Meijer. The media plays games according to profits (smoke and mirrors). In essence, don't confuse minimum security state prisons with the semi-luxury minimum security federal prisons. Two totally different worlds. State time is tough, federal time can be a vacation.

dyankee

This article was breath taking at first because I thought they were talking about Obama Care. (I needed another cup of coffee, I guess) After reading again, it makes sense why the headline says "Coopersville" man convicted.

Well, stupid hurts sometimes....say, hey to Bernie for us. Roger that!

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