Two Garrett County Developers Charged in Fraud Scheme Head to Court
GARRETT COUNTY, Md. – According to officials with the U.S. District Court in Baltimore, two Garrett County developers pleaded not guilty on Friday to an indictment accusing them of a $3.7 million bank fraud scheme.
A federal grand jury indicted Samuel R. VanSickle, 49, of Accident, Md., and Louis W. Strosnider III, 47, of Oakland, Md., on February 11, 2014.
According to the six count indictment, VanSickle and Strosnider owned and developed property in Garrett County.
The indictment alleges from December 2001 through June 2004 VanSickle and Strosnider comprised a scheme to fraudulently obtain money and property from financial institutions through false names, and inflating the value of the properties through fraudulent loans and mortgages.
Posted on 02/28/2014 in deep creek lake, garrett county # developers, fraud
