Troy Parker, and Kristine Parker, were indicted by a federal grand jury in Cleveland on charges of conspiracy, mail fraud and wire fraud. They are accused of defrauding factoring businesses and individuals in connection with the sale of accounts receivables of cleaning businesses they owned.
The two undertook the scheme in 1998, according to the US Attorney's office for the Northern District of Ohio, by falsely leading factoring companies to believe that two Cincinnati-based cleaning firms the Parkers owned had valuable accounts due from customers who had been provided with cleaning services.
Commercial Factors of Cleveland lost US$500,000 in the scheme, according to authorities.
Source: The Cincinnati Post
