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.

Akron General

Knight Foundation


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
Crime and Courts


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

Seven minutes changed everything, but what changed Ashford Thompson?
He shot the guy four times in the head. I have never been that drunk or mad, and I have been through it. Shoot a guy once is bad, maybe a mistake, shoot a guy f...

First cricket farm in the U.S. opens in Youngstown
I am interested in cricket flour to replace soy flour in a low carbohydrate diet. As soon as you have cricket flour available for the average person, please le...

New process starts digesting sludge in Wooster
Awesome! When do our sewage rates decrease accordingly?

Akron's Chapel Hill Mall in foreclosure
Not a surprise. Between the shoplifting, gangs and violence that goes on up there it is no wonder that no one feels safe to shop at Chapel Hill. They have sca...

Ohio launches investigation into at least one Concept charter school
I worked at Noble Academy Cleveland as admin assistant and enrolment coordinator for 6 years, I know this is so valid and true and can provide staff names and p...

Crisis looms in filling aviation industry jobs in Ohio and the nation
I listened to this story yesterday morning on the radio and just want to add this comment. My son went to school to train as an air traffic controller, and gra...

Cuyahoga Valley National Park considers fire to fight invasives
I'm for the controlled burn. There are not enough people (myself included) who volunteer for the removal of invasive plant species. Therefore, another solution ...

Remembering Cleveland music impresario Hank LoConti
The picture here is not the original Agora. It is the old WHK studios where the Agora moved into.

Copyright © 2014 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