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Wonderful Development developers indicted for fraud

Posted: Mon Dec 11, 2023 5:30 pm
by cjsummers
https://www.pjstar.com/story/news/2020/ ... 915159001/

Gee, what a surprise!
The former owners of the Hotel Pere Marquette were indicted this week on charges of money laundering and mail fraud.

A 26-page indictment, returned late Tuesday, accuses Gary Matthews and Monte Brannan of diverting $750,000 of hotel funds to themselves after the hotel went into foreclosure. Overall, they are accused of taking approximately $1.6 million away from the hotel's bank accounts and putting it into their own.

Re: Wonderful Development developers indicted for fraud

Posted: Mon Dec 11, 2023 5:30 pm
by CCubs
Very newsworthy, but not surprising at all. Corruption is rampant in the world today!

Re: Wonderful Development developers indicted for fraud

Posted: Mon Dec 11, 2023 5:30 pm
by RPlant
CCubs wrote: Wed Dec 16, 2020 12:25 pm Very newsworthy, but not surprising at all. Corruption is rampant in the world today!
Hmm, I've don't think I've heard of a real estate developer scamming the public before. Oh wait. :lol:

Re: Wonderful Development developers indicted for fraud

Posted: Mon Dec 11, 2023 5:30 pm
by DennisinMH
Anyone surprised by their "not guilty" pleas?

https://www.centralillinoisproud.com/ne ... aundering/