Will Co. (ECWd) –
Update: Corrected to eliminate reference to “A Fractional CFO” as the alleged “Company A”.
The Plainfield Township Supervisor Anthoney Fremarek is facing a 6 count Federal Indictment. According to the indictment docket, Fremarek has been charged with the following in part:
- Count 1 – “defendant herein, devised, intended to devise, and participated in a scheme to defraud Company A, and to obtain money and property by means of materially false and fraudulent pretenses, representations, and promises, as further described below”
- Count 2 – “defendant herein, for the purpose of executing and attempting to execute the above described scheme, did knowingly cause to be transmitted by means of wire communication in interstate commerce certain writings, signs, and signals, namely a payment of $47,576.14; from company A’s account at Bank B, in the Northern District of Illinois, to defendant’s American Express credit card account, which was processed through an American Express server located outside Illinois;”
- Count 3 -“defendant herein, for the purpose of executing and attempting to execute the above described scheme, did knowingly cause to be transmitted by means of wire communication in interstate commerce certain writings, signs, and signals, namely a payment of $10,711.97, from Company A’s account at Bank B, in the Northern District of Illinois, to defendant’s Barclays credit card account, which was processed, through a Barclays server located outside Illinois;”
- Count 4 – “defendant herein, for the purpose of executing and attempting to execute the above described scheme, did knowingly cause to be transmitted by means of wire communication in interstate commerce certain writings, signs, and signals, namely a payment of $37,665.97, from Company A’s account at Bank B, in the Northern District of Illinois, to defendant’s American Express credit card account, which was processed through an American Express server located outside Illinois;”
- Count 5 – “defendant herein, knowingly caused false statements to be made to Bank B, a financial institution, the deposits of which were then insured by the Federal Deposit Insurance, with the intent to influence the actions of Bank B concerning Company A’s available credit with Bank B, in that defendant stated that Company A’s accounts receivable book value as of July 31, 2018, was approximately $2,202,878.03 when defendant knew that such statement was false;”
- County 6 – “defendant herein, knowingly caused false statements to be made to Bank C, a financial institution, the deposits of which were insured by the Federal Deposit Insurance, with the intent to influence the actions Bank C concerning a loan application for Company A, in that defendant, stated that Company A’s accounts receivable as of June 30, 2018, was approximately $2,143,191.11 when defendant knew that such statement was false;”
The indictment alleges Fremarek stole approximately $1,380,769.90 from Company A, by fraudulently and without authorization causing funds from Company A’s business bank accounts at Bank A and Bank B to be used to pay his personal expenses and concealing the true nature of these transactions from Company A. It appears Company A was “PSC Group” according to their statement on the indictment.
According to the Plainfield Township web-site, “Tony Fremarek was elected to the board as Trustee in April of 2009, and elected Supervisor in 2013. Tony is the Founder and Owner of A Fractional CFO, LLC, a company that provides CFO services for small to mid-sized businesses. He holds a B.S. in Accounting from the University of Illinois. Tony’s main focus is on expanding the reach of Township Government to the residents, and providing quality services to the residents of Plainfield Township, while keeping taxes low. As an advocate for transparency, Tony’s goal is to increase the amount of information that residents can “self-service” on-line”.
A copy of the indictment can be downloaded at this link or viewed below.
Femarek indictment
