News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

The Holden Arboretum

Meaden & Moore


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Courts and Crime


Vermilion man sentenced to 17 1/2 years a fraud that stole millions
Richard Zakarian stole people's tax withholding to try to cover for other fraud
Story by LYNDSEY SCHLEY


 
Richard Zakarian stole $4.4 millionfrom nearly 100 people using two scams.
Courtesy of Lorain County Jail
Download (WKSU Only)
In The Region:

A Vermilion man was sentenced to 17 1/2 years in prison today for two fraud schemes that netted him $4.4 million.

Mike Tobin of the U.S. Attorney’s office says Richard Zakarian told clients he was putting their assets into secure funds, when he really was making risky investments. He lost most of their money.

Tobin says Zakarian tried to make back the money by creating a fake non-profit that he claimed used grants to help prepare taxes and handle payroll for churches, libraries and other small organizations. Instead of giving these taxes to the IRS, he kept them.

Tobin says the victims lost money and credibility.

LISTEN: TOBIN ON ZAKARIAN

Other options:
Windows Media / MP3 Download (0:21)


"There are people who wanted to retire who now can’t," Tobin says. "There are companies who have to lay off people. There was a woman who ran a library who can’t get grants anymore because, according to the records, her taxes are in arrears even though she thought she has been paying them."

Tobin says Zakarian defrauded nearly 100 clients.

Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook



Stories with Recent Comments

What's it take to take control of cancer?
In the case of bowel/colorectal cancer, the surest method of prevention is to have a colonoscopy, during which pre-cancerous "polyps" are removed - https://t.co...

Western Stark Free Clinic is set to close but to continue its role
WHAT OTHER DENTAL CLINICS AND MEDICAL CLINICS ARE IN THE CANTON AND MASSILLON, OHIO AREAS?

Three exonerated of murder convictions from 18 years ago
Thanks heavens that none of them have been condemned to death. This alons should convince the USA to join the civilized world by abolishing the death penalty. E...

Kombucha: a sweet business brewed with fermented tea
Stevia is not an artificial sweetener. It is a plant. I have one growing in my sunroom. The leaves are dried and added to teas. It's harvested commercially and...

Bringing back ballet in Cleveland
I do think Ballet in Cleveland is doing good things, but the fact that director says "When we have flourishing companies like the New York City Ballet and the A...

Report confirms some Vietnam veterans may have been exposed to Agent Orange
was in nam 1969 exposed va stated lost medical records was in lawsuit from 197? till settled 0 $ 2010 ? said all nam vets will get back disability till 198? jus...

Mentorship grant program redefines "faith-based" provision
Can't anyone have values, beliefs, and morals anymore? How is it anymore unconstitutional for a school partner with a "faith-based" organization than any other ...

Exploradio: The challenge of finding a healthy balance with technology
Thank you, Jeff, for another well done Exploradio. I always learn something interesting about what is happening in NE Ohio.

Northeast Ohio's transgender community rallies around restroom issue
A good first step would be for Cleveland to require restaurants to have a public restroom. Cleveland is the only city I've ever been in where restaurants somet...

Copyright © 2015 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University