Posted: 07/19/2013By: Kareem Elgazzar, WCPO DigitalCINCINNATI - Ohio Rep. Peter Beck (R-Mason) was indicted on 16 felony charges in an investment fraud case Friday afternoon and faces a maximum 102 years in prison if convicted.Ohio Attorney General Mike DeWine and Hamilton County Prosecutor Joe Deters announced the indictments at a news conference Friday afternoon.“John Fussner and Peter Beck knew CTech was insolvent and yet they did not disclose this to investors," DeWine said. "They knew the truth and yet deceived investors to get their capital to keep the company afloat and use the money for other purposes.”Beck is the Republican chairman of the powerful House Ways and Means Committee and a member of the House Finance Committee.The indictments followed a lawsuit that accused Beck and others of misappropriating more than $1 million from 14 investors in TML Consulting, LLC and Christopher Technologies.
Friday, July 19, 2013
Beck ( OH-ALEC) - Indicted on 16 Felony Charges
H/T to Dkos Diary