COLUMBUS, Ohio (WCMH) – A Columbus man has been indicted on investment fraud charges after allegedly soliciting over $640,000 from multiple Ohio residents.
According to the Ohio Department of Commerce, a Franklin County grand jury indicted Tom Manning on 19 charges related to investment fraud. The charges include unlawful securities practices, grand theft, false representation in the sale of securities and securities fraud.
The indictment comes one month after Manning was originally charged with seven additional counts of the same charges in September.
According to the indictments, Manning allegedly solicited at least five central Ohio residents to invest over $640,000 in promissory notes issued by his company, Blue Logic Capital, LLC, for a variety of projects including the purchase, renovation, and resale of a residential home, development of a revolutionary new oil pump, and construction of luxurious residential assisted living homes.
The indictment states Manning used these funds for his own personal use, as well as to repay other investors. Additionally, the promissory notes were not reportedly registered with the Division for sale in or from Ohio.
Manning was issued a summons by the Franklin County Common Pleas Court to appear in an arraignment hearing on Dec. 27.
