LEBANON, OH (FOX19) - A Cincinnati area man was indicted Friday for allegedly scamming car dealerships and financial institutions out of more than $800,000.
Jerry Agostini, Jr., 52, allegedly used false information and a dummy corporation to secure vehicles, heavy equipment, loans and checks from car and equipment dealerships in Warren, Butler, Hamilton and Kenton counties, according to Warren County Prosecutor David P. Fornshell.
Agostini was indicted by the Warren County grand jury on 29 counts including:
- Engaging in a pattern of corrupt activity, a second degree felony;
- Grand theft of a motor vehicle, a fourth degree felony;
- Theft by deception, fourth and fifth degree felonies;
- Receiving stolen motor vehicles, a fourth degree felony;
- Attempted grand theft of a motor vehicle, a fifth degree felony; and
- Receiving stolen property, fourth and fifth degree felonies.
"This scam hit several different businesses spanning multiple counties," Attorney General DeWine said. "Our goal was to work with local law enforcement agencies to help put the pieces together. Scams are a constant drain on the economy, and collaboration is critical to stopping them."
According to investigators, Agostini went to dealerships seeking heavy-duty trucks and equipment for his business, Engineered Environmental, which he falsely claimed was a multi-million dollar construction company. He allegedly produced fabricated financial records to secure loans and purchase vehicles worth tens of thousands of dollars.
Investigators have recovered nine vehicles taken as part of the scheme. The alleged activity occurred between January 2014 and March 2015.
Prosecutors with Attorney General DeWine's Economic Crimes Unit were appointed special prosecutors to handle the case with Warren County Prosecutor Fornshell's office.
Agostini is currently in the Clermont County Jail, where he is serving sentences for theft and identity theft.
Officials said he is expected to be arraigned in Warren County Common Pleas Court next week.