Friday, November 28, 2008

Motion To Dismiss Ohio Securities & Mortgage Fraud Case Denied

A defense motion to dismiss all 69 counts of fraud in the trial against Evergreen Corp.'s president, David B. Willan, 38, were rejected by Summit County Common Pleas Judge James E. Murphy after a 3 hour argument by the defense. Willan was charged with a host of felonies, including securities fraud, aggravated theft, "theft from the elderly," engaging in a pattern of corrupt activity, selling securities without a state license, making unlicensed small loans and being an unregistered second mortgage lender. Willan's sister, Sandra L. Langer, 52, also an Evergreen executive, was indicted on 20 fraud counts. She pleaded guilty to 3 of the counts, including engaging in a pattern of corrupt activity; securities fraud; and being an unlicensed securities dealer. 15 other co-defendants were charged in the original 147 count indictment.

Read the story here, here and here.

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