THE HAMMER IS ABOUT TO FALL IN THE FRUSTACI INVESTIGATION - WHO & HOW MANY WILL BE INDICTED?

UPDATE: JULY 16, 2009 AT 4:30 PM

The SCPR has new information which suggests that the number of indictments will more likely be on the low side of the estimates in the original piece below. Right now the SCPR believes the indictments will most likely be two in number and that the end of July is probably too early to expect indictments to be handed down.

The SCPR will update this blog as more information is forthcoming.

ORIGINAL BLOG


The Stark County Political Report (SCPR/The Report) has learned that as many as seven indictments may be coming down in the investigation of the Stark County Treasurer's office and the reported loss of $2 to 3 million in taxpayer funds.

County treasurer Gary Zeigler fired his chief deputy Vince Frustaci alleging that Frustaci pilfered the money. The firing occurred on April 1, 2009.

The SCPR has two primary sources on the question of who and how many Stark Countians will be indicted as a consequence of an investigation being conducted by the FBI.

One source says seven people will likely be indicted, but could not definitely say that all seven would be Stark Countians.

The other SCPR source says that seven is too high.

But both agree that indictments could be forthcoming soon. Perhaps, by the end of July.

The SCPR believes that one of the persons to be indicted will be Frustaci and that another highly likely indictment will be of a high ranking Stark County bank official who allegedly facilitated the theft.

The bill is in on Ohio auditor Mary Taylor's forensic audit of the Stark County treasury in light of the FBI investigation and it will total $150,000.

This $150,000 coupled with the likely $100,000 deductible that the county will likely pay on the reported settlement of the Hope Steffy case is not exactly news that Stark County taxpayers want to hear.