St. JosephCounty- On February 19th, 2008, Mark R. Wozniak, age 54, of Granger, Indiana, was arrested on an active warrant that stemmed from an eleven month Indiana State Police investigation. Detective Steve Nash, an investigator with the Indiana State Police Special Investigation Section, White-Collar Crime Unit, commented, "This arrest culminates a complicated and time consuming case that began in 2006."
Wozniak was taken to the St. Joseph County jail and held on $100,000 bond. In all Wozniak faces eight C felonies and one D felony as filed by the St. Joseph Prosecutor's Office. Wozniak has been charged with multiple counts of Transacting Business by an Unregistered Broker-Dealer, Offer or Sale of an Unregistered Security, and Theft.
The investigation was initiated after complaints by business partners and investors claiming Wozniak mismanaged the business as well as the investor's monies. This included using money for personal purchases such as his daughter's wedding, the remodeling of his kitchen, and a hiking trip he took with his sons to Canada. Three investors gave Wozniak and his corporation approximately 1.5 million dollars.
Locally, Wozniak is associated with several Limited Liability Corporations. A portion of the money Wozniak handled went toward the unfinished Woodbridge Villas project in South Bend and the Landmark of Lockerbie condominium project in Indianapolis which never got off the ground. Nash commented, "Unfortunately the combination of poor money management and the unchecked spending by Wozniak has left investors disgruntled to say the least."
The Indiana State Police would like to remind individuals to carefully investigate and research individuals and businesses thoroughly before making any investment.
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