Last updated: May 01. 2013 11:24PM - 2276 Views
By - elewis@timesleader.com - (570) 991-6116

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SCRANTON — A vice president of an investment and consulting company was indicted Tuesday by a federal grand jury on charges he defrauded investors of nearly $310,000, according to the U.S. Attorney’s Office.

August John Stile, 49, of Hughestown, was charged with eight counts of fraud to which he pleaded not guilty on Wednesday.

Stile was the purported vice president of JFC Group that had an office on Boulevard Avenue, Dickson City, and Stile Consultants with an office on Slocum Avenue, Exeter.

According to the indictment:

Stile devised a scheme to defraud private investors of money by offering short-term investment opportunities from January 2008 to January 2011.

In one case, Stile solicited a client in April or May 2008 to invest $85,000 in Keylantic Airlines that he claimed was an airline being formed. He allegedly promised the client she would receive $90,950 within 30 days and 75,000 shares of the airline company, according to the indictment.

Federal prosecutors alleged Stile deposited the woman’s investment in a checking account at Citizens Bank, and used the funds for his personal use. Stile delivered a check in the amount of $98,300 to the woman in September 2008, and offered her another investment opportunity that she declined.

The indictment alleges Stile solicited clients to invest in a hotel and casino project in Costa Rica and a community development project in New York.

HANOVER TWP. — Township police said they arrested Otis Jermaine Crowder, 40, of Hanover Township, on charges he threatened another man with a loaded gun.

Crowder was charged with four counts of simple assault, and one count each of receiving stolen property, firearms not to be carried without a license, reckless endangerment and disorderly conduct. He was jailed at the county prison for lack of $25,000 bail.

Police allege Crowder was involved in a fight with Bubacarr Sham, 36, at 1429 S. Main St. over a dispute involving children. Crowder and Sham left in separate vehicles and engaged in another fight on Bunker Drive, where police allege Crowder was seen discarding a loaded .22-caliber handgun in a field.

Police said the handgun was reported stolen to the Morton Police Department.

A preliminary hearing is scheduled on May 7 before District Judge Joseph Halesey in Hanover Township.

HAZLETON — City police reported the following:

* No injuries were reported in a two-vehicle crash Monday at Lincoln and Second streets. Police said John Wittig, 60, of Hazleton, was traveling east on Second Street and struck a vehicle driven by Michael Boc, 24, of Hazleton, at about 5:30 p.m.

* Police said an Apple iPhone was stolen from the Lahm Avenue Playground on Tuesday.

* Items were stolen during a burglary at a residence at 872 N. Penn Court on Tuesday.

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