Cincinnati, OHA Cincinnati-area businessman was recently indicted on a number of charges, including securities fraud.
Mark G. Kirchoff, the president of the Anderson Township-based G.K. Insurance & Financial, was recently charged by a Clermont County grand jury with more than 20 felony charges, including securities fraud, theft from an elderly person or disabled adult and engaging in a pattern of corrupt activity, according to Cincinnati.com.
Dennis Ginty, a spokesman for the Ohio Department of Commerce, told the news source that the charges were prompted by a criminal referral by the Ohio Department of Commerce Division of Securities.
Specifically, Kirchoff stands accused of taking the checks of 10 investors and depositing them into his personal bank account, rather than using them to buy securities. In total, Kirchoff allegedly deposited more than $250,000 into his own account, according to Ginty.
The alleged victims in this case live in Ohio, Kentucky and Indiana, and include a person living with disabilities and a 90-year-old, reports the news provider.
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