Multimillionaire A. William Erpenbeck posed for a mug shot Friday.
The founder and former president of the fourth largest home building firm in Greater Cincinnati, facing allegations of defaulting on $25 million in bank loans and business obligations, surrendered to police. The weekend arrest centered on felony charges of writing a bad check for $283,493.99 to Morris Heating and Cooling, a contractor in Burlington. Boone County detectives also plan to look into a similar claim filed by a home buyer.
"The victim reported that she made two installments for a condo down payment, followed by the balance in full at closing," started Major Jack Banks. "She found out there was a lien on the home."
Erpenbeck's troubles stretch into other Northern Kentucky neighborhoods. The Crestview Hills resident stands accused of withholding $15,000 in employee payroll taxes from Kenton County, as well as owing $90,000 in property taxes.
An unidentified family member posted the $50,000 bail. Erpenbeck could spend five years behind bars and pay $5,000 in fines if convicted of the lone theft by deception charge.