ISP: Man bilked $600K in farm loans from bank

(WISH Photo, file)
(WISH Photo, file)

MARION, Ind. (WISH) — Hundreds of thousands of dollars were fraudulently taken from a bank in Grant County, Indiana State Police officials said Thursday.

In a four-month investigation, ISP determined that 50-year-old Kokomo man Charles Scott Defabritis used fake information and collateral to take out $600,000 in farm loans from Grant County State Bank. ISP officials said no money was ever paid on the loans. After taking some of Defabrits’ property, the bank is still owed about $300,000.

Defabritis was charged with two counts of corrupt business influence, a Class C felony; fraud on a financial institution, a Class C felony; and theft, a Class D felony.

He was taken to the Grant County Jail.

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