INDIANAPOLIS — A Greenwood man has been charged by a federal grand jury for his role in three separate fraud schemes.
For the first scheme, Daniel R. Fruits, 46, is accused of defrauding a Kentucky investor. The investor, who was also Fruits’ employer, founded a trucking company in 2015 and hired Fruits to run it. Over the next four-and-a-half years, the investor would put approximately 14 million dollars into the business.
Instead of using that money for the business, however, Fruits spent it on himself. He is accused of spending:
- $880,000 on a horse farm and personal residence
- $560,000 on an RV and trailer
- Over $111,000 on a Corvette
- $90,000 on three Rolex watches
- $55,000 on a horse
- $33,000 on a horse trailer
- $23,000 for two Ferraris
- $30,000 for two escorts
For the second and third scheme, Fruits attempted a mortgage fraud scheme on Fifth Third Bank to get a $432,000 mortgage, as well as a title-washing scheme to remove a bank’s lien from the title of a truck he purchased.