| N.B. resident charged with securities fraud |
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| Written by BILL RYAN Sentinel Staff Writer |
| Wednesday, 08 August 2012 09:54 |
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A North Baltimore man is accused of unlawful securities practices and other offenses involving a total of $380,000 or more. He was among 30 individuals indicted by a Wood County Grand Jury on Aug. 1. Jason E. Schwartz, 38, of North Baltimore, was indicted for two counts of unlawful securities practices, one count of aggravated theft and one count of passing bad checks. The securities charges are unspecified felonies involving the defendant's actions between Oct. 1, 2007 and Aug. 1, 2008. Both charges alleged the offenses involved securities valued at more than $37,500, but less than $100,000. The indictment reads that he "did in purchasing or selling securities, knowingly engage in any act or practice that was ... declared illegal, defined as fraudulent or prohibited." The bad check charge involves a check written for $185,000 on July 9, 2008, which was not honored. The defendant's aggravated theft charge involved two additional victims involving the theft of $120,000. Exact figures were not listed in court documents for the securities charges, but adding the two together shows fraud of a minimum of $75,000, which would bring the total to $380,000, but could be as high as $505,000. |
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