Sunday, September 20, 2020
Sunday, September 20, 2020

Two Michigan Men Indicted For Operating A $2.1 Million Nationwide Investment Fraud Scheme

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Harrisburg, PA – The United State’s Office for the Middle District of Pennsylvania announced today that two Michigan men were indicted by a grand jury in Harrisburg on multiple charges arising out of a nation-wide investment fraud scheme.

  • Demmos Tinnergem. 53. and Christopher Ostrowski, 53, both of Michigan, charged with defrauding investors from California to Pennsylvania between 2010 and 2013
  • The grand jury found that Tubbergen and Ostrowski used a company based in Michigan named GTBK Marketing to sell an investment program called Immediate Legacy (ILP)
  • The defendants claimed that ILP was being used by hospitals, charities, colleges and universities and that each investor who purchased the program was guaranteed at least 14 pre-contacted customers who were waiting to buy the product to help lock in new investors
  • The investigation established that these alleged material representations were false and that as a result investors lost a total of approximately $2.1 million dollars
  • Ostrowski was interviewed and questioned in 2013 where he allegedly made false statements and representations to both the FBI and the federal grand jury in Harrisburg
  • Ostrowski is also being charged for false statements
  • This case was investigated by the Harrisburg Office of the Federal Bureau of Investigation with Assistant United States Attorney William A. Behe being assigned the prosecution of this case
  •  The maximum penalty under federal law on each of the wire fraud and conspiracy to commit wire and mail fraud counts is 20 years imprisonment, a term of supervised release following imprisonment, and a $250,000.00 fine
  • The obstruction of the grand jury charge is punishable by up to 10 years imprisonment and a $250,000.00 fine, while the charges of providing false information to law enforcement and to the federal grand jury are each punishable by up to 5 years imprisonment and a $250,000.00 fine
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