A Cuyahoga Falls attorney and financial adviser is accused of defrauding people out of nearly $1.3 million related to a fraudulent hotel project in Florida.
Gary J. Boecker, 63, was indicted on one count of wire fraud and one count of making false statements in a loan application, said Acting U.S. Attorney David A. Sierleja in a press release issued June 7.
A message left for J. Michael Murray, one of Boecker's attorneys, was not returned at press time on June 8.
Boecker allegedly devised a scheme to enrich himself and to fund the "Ocean Jade Health Retreat," a business venture in Florida known as a water therapy hotel, according to the indictment.
In 2014, Boecker pitched his Florida "water therapy hotel" to a friend, promising an annual return on investment of 15 percent. Boecker led the friend to believe he owned the hotel involved in the project and told her he already had five investors, according to the indictment. Based on those false representations, according to the indictment, the friend agreed to invest $300,000 in the Ocean Jade project. Boecker also allegedly caused unauthorized withdrawals of $426,900 from her account in 2014 and 2015.