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Developer faces over 100 charges

Marchionda IndictmentClick here to see the Marchionda indictment

YOUNGSTOWN — A local developer at the center of a lengthy state investigation and his affiliated businesses have been indicted on nearly 200 criminal counts connected to allegations of corrupt activity, theft and money laundering related to three development projects in the city.

Dominic Marchionda, CEO of NYO Property Group, is accused of misusing Youngstown water funds and float loan money.

“This was an extremely complicated investigation, one that required a great deal of patience, sophistication and teamwork,” stated Ohio Auditor of State Dave Yost in a news release.

Yost, along with Ohio Attorney General Mike DeWine and Mahoning County Prosecutor Paul Gains announced the indictments on Monday. Officials said the charges resulted from an investigation that was launched more than two years ago.

Marchionda, 58, of Poland, is accused of running a Ponzi scheme using a number of companies to funnel government money so he “could continue to live his lavish life style and enrich himself,” according to a news release.

Through concealing relationships among a number of companies he owned, managed and / or controlled, Marchinoda received government funds to funnel “stolen proceeds / government funds” to himself “for personal use,” the indictment against him states.

The state auditor’s office searched Marchionda’s home in March and raided his business office in the First National Bank building downtown Youngstown, collecting boxes of financial records. In June, four locations, including the home of Youngstown Finance Director David Bozanich, were also searched.

Attempts to reach Marchionda’s attorneys were not successful. Bozanich has not been charged with a crime.

The indictment claims several other people are believed to be involved. However, they are each listed as John Does to protect their identities, the indictment states.

Marchionda was responsible for development in downtown Youngstown, including housing at Erie Terminal Place, the Flats at Wick and Realty Tower. NYO Property Group is also converting the historic Stambaugh Building into a hotel.

The 101 charges against Marchionda, all felonies:

• One count engaging in a pattern of corrupt activity;

• Three counts aggravated theft;

• One count aggravated theft;

• 65 counts money laundering;

• 15 counts tampering with records;

• Eight counts telecommunications fraud;

• Two counts receiving stolen property;

• Two counts receiving stolen property;

• One count falsification;

• One count attempted grand theft;

• One count attempted securing writing by deception;

• One count theft.

Rubino Construction Inc. of Youngstown was indicted on 55 felony counts:

• One count engaging in a pattern of corrupt activity;

• One count of aggravated theft;

• Two counts receiving stolen property;

• 48 counts money laundering;

• Two counts receiving stolen property;

• One count tampering with records.

U.S. Campus Suites LLC of Poland was indicted on seven felony counts:

• One count engaging in a pattern of corrupt activity;

• One count of aggravated theft;

• Three counts money laundering;

• Two counts receiving stolen property.

Erie Terminal Place LLC of Poland was indicted five felony counts:

• One count engaging in a pattern of corrupt activity;

• One count of aggravated theft;

• Three counts of tampering with records.

Wick Properties LLC of Poland was indicted on 16 felony counts:

• One count engaging in a pattern of corrupt activity;

• One count aggravated theft;

• One count aggravated theft;

• Nine counts tampering with records;

• Four counts money laundering.

Villas di Tuscany LLC of Poland was indicted on 15 felony counts:

• 13 counts money laundering;

• Two counts receiving stolen property.

vshank@tribtoday.com

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