Update, Friday, 2:45 p.m.: Adrian Mitchell was in court on Friday, where he pled not guilty to all charges.
He is free on ten percent of a $30,000 bond.
A Cincinnati police officer has been arrested on federal charges.
The U.S. Attorney's Office is handling the case of Adrian Mitchell, who was arrested on a federal indictment involving charges of mail fraud, wire fraud and bank fraud.
The 12-count indictment alleges that Mithcell operated a real estate-related business known as R.I.C.H. Properties. Through this business, Mitchell solicited customers who were in financial distress from defaulted real estate loans and offered his services.
Mitchell allegedly employed a scheme that defrauded the widow of one of his clients out of $188,327.38 in benefits of a life insurance policy held by the client after he died. The indictment also accuses Mitchell of created false and fraudulent documents in attempts to secure loans on at least four other pieces of property.
The indictment charges Mitchell with 10 counts of mail fraud and one count of wire fraud, each punishable by up to 20 years imprisonment, and one count of bank fraud punishable by up to 30 years imprisonment.
Mitchell's attorney says he plans to fight the charges.
"Having worked with him since last July, I think he's got claims that are made against him and an indictment against him that are all very defendable," said Jay Clark.
Mitchell was sworn in as a Cincinnati police officer in 2004. A Cincinnati police spokesman says Mitchell has been suspended since June 2007 pending the outcome of an investigation.
He has had one prior complaint from March of 2007, when he was accused of unlawful search and improper procedure.
A person claimed Mitchell stopped him and unlawfully searched him, the ordered him to stay out of the Avondale area, or he would be cited every time Mitchell saw him.
The director of the Citizen Complaint Authority found insufficient evidence for the unlawful search, and that complaint was not sustained. However, the improper prodedure involving Mitchell and another officer was sustained.