Man charged in $6.5 million Arizona land investment scam with up to 60 victims

 

Don Hankins / FLickr
Don Hankins / FLickr

By James F. McCarty } The Cleveland Plain Dealer

An Aurora man was one of two men indicted today on federal charges of defrauding as many as 60 people out of more than $6.5 million through a fraudulent Arizona real-estate development scam.

According to law enforcement officials, Stanley M. Paulic, 41, of Aurora, and Steven R. Long, 45 of Mather, California, are charged with wire fraud and conspiracy to commit mail fraud and wire fraud.

“These individuals ripped off dozens of people, stealing life savings and creating real financial hardships,” said U.S. Attorney Steven Dettelbach.

Paulic and Long co-founded Integrity Financial AZ, LLC, which had regional offices near Cleveland, Chicago and Sacramento, California. Beginning about 2008, Paulic served as chief executive officer of the company, and Long served as president.

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