Radial engine entrepreneur faces fraud charges in Stark County case cantonrep.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cantonrep.com Daily Mail and Mail on Sunday newspapers.
CANTON The Stark County man who designed what he touted as an innovative radial engine faces a 28-count indictment accusing him of more than $600,000 in securities and investment fraud.
Charles M. Boulton, 67, of Jackson Township, was indicted Jan. 21 and is scheduled to be arraigned on the charges Friday in Stark County Common Pleas Court.
Boulton is accused of defrauding seven investors in three startup businesses owned and operated by the defendant Radial Engine Innovations, Radia M92 Inc. and Radia R&D LLC.
Charges include 24 counts of unlawful securities practices, including securities fraud and misrepresentation in the sale of securities. He also is charged with telecommunications fraud, theft from a person in a protected class and theft.
Warren County man sentenced in website domain name case Kevin Grasha, Cincinnati Enquirer
A Warren County man who pleaded guilty to securities fraud for his role in a scheme to solicit $1 million from investors in businesses that bought website domain names has been sentenced to 90 days in jail, records show.
Aaron Pitman, 32, of South Lebanon, already has paid $300,000 in restitution to the prosecuting witness.
At a sentencing last week in Meigs County, where the witness lived, Common Pleas Judge Linda Warner ordered Pitman to serve the jail term. Warner also placed him on probation for five years. If he violates that, he faces a possible 10-year prison sentence. He is subject to a lifetime ban on selling securities in Ohio.