Ulmer, son indicted in fraud case

John Ulmer, the founder of the Westhaven Group - once the largest residential property owner in Lucas County - and his son, Scot Ulmer, a president of the defunct company, were indicted for securities fraud and racketeering for defrauding investors.

Anthony Garzony, a former president, and Roger Morr, an investment manager, also were charged in the 81-count indictment that was unsealed yesterday.

The indictment by a Lucas County grand jury accuses the four men and Westhaven, which was shuttered in late 2005 by the Ohio Department of Commerce, of violating state securities law in defrauding nearly two dozen people who invested more than $1.6 million from 2002 to 2005.

http://toledoblade.com/apps/pbcs.dll/article?AID=/20080418/NEWS02/804180335

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... at how long it takes to prosecute these cases. The Ulmers have had a good 3 years to find ways to hide their ill-obtained gains.

Scot Ulmer opened up an office on Monroe St. and went back to business as usual. A friend of mine called as he and his new wife had found a place offered on a land contract. (I've been closely involved in this, since my neighbor is one of the 'investors' in this and I found out what a scam this is and the people who conned the investors - translate to elderly and trusting - into giving over their money).

It sounded familiar and I said, who's selling the house? He said Scot Ulmer and provided the address of the new office.

John Ulmer went to Carolina and set up another Westhaven and his youngest son Luke followed him there in February.

Throughout all of this John Ulmer has continued to sell seminars where he instructs people on how to set up their own 'Westhaven'.

The Dept. of Commerce took Westhaven over in Nov. of 2005. And from what I can see the only people making any money are the lawyers. Particularly the receiver.

If you're here to tell me it's my fault - you're right. I meant to do it. It was alot of fun. That's why I have this happy smile on my face.

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