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Archive for Saturday, December 17, 2011

Overland Park man charged in $5.7 million fraud scams

December 17, 2011

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— Federal prosecutors have charged an Overland Park man with defrauding banks and investors out of more than $5.74 million in various fraud schemes.

A six-count criminal information filed Friday against 45-year-old Ronald Catrell alleges bank fraud, aggravated identity theft, money laundering and wire fraud. It seeks a forfeiture judgment covering those losses. Catrell created Enterprise Software Consulting, Blue Valley Capital Management, and Software4Biz Consulting.

Prosecutors allege he obtaining loans from three banks based on falsified tax returns, phony account statements and doctored business records. The identity theft charge stems from his alleged use of another person's identification in the bank fraud. The money laundering charge involves an alleged investment scheme targeting 10 people.

Attorney James Hobbs declined comment on the case.

Catrell was ordered to appear Tuesday in federal court.

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