A Holland man who was under federal indictment for fraudulently obtaining a $500,000 consultant’s fee from investors has been charged in a 52-count superseding indictment.
Mark O. Wittenmyer, 54, was charged Friday in U.S. District Court with conspiracy to commit wire fraud, eight counts of wire fraud, 32 counts of money laundering, six counts of securities fraud, and two counts of access device fraud.
Four other men were named in the indictment, including Douglas Boyce, 56, of Maumee, who was charged with conspiracy to commit wire fraud and one count of money laundering. Also charged in the conspiracy were Robert Milam, 64, of League City, Texas; Lonny Remmers, 56, of Corona, Calif., and Mark Aller, 50, of Birmingham, Mich.
The indictment alleges that from January, 2003, through May of this year, the men conspired to solicit and collect investments, expenses, consulting fees, salaries, and other payments in connection with investment and financing transactions that were promoted and induced by false pretenses and promises.
“The investing public needs to watch for fraudsters and scam artists who promise the moon and sun, but deliver only pain and deceit,” Steven M. Dettelbach, U.S. Attorney for the Northern District of Ohio, said in a news release. “Remember, if it sounds too good to be true, it probably is.”