PRESS RELEASE, 7/19/2013

Attorney General Mike Dewine, Hamilton County Prosecutor Joseph T. Deters announce indictments

(CINCINNATI) – Ohio Attorney General Mike DeWine and Hamilton County Prosecuting Attorney Joseph T. Deters today announced the indictments of State Representative and Certified Public Accountant Peter A. Beck and John W. Fussner by a Hamilton County grand jury in connection with their activities involving Ohio software company Christopher Technologies, LLC, or CTech. The indictments follow a referral from the Ohio Department of Commerce Division of Securities.    

Beck was indicted on 16 felony charges:  

  • two counts of misrepresentations in the sale of a security
  • two counts of unlicensed sale of securities
  • two counts of fraud in the sale of securities
  • two counts of sale of unregistered securities
  • two counts of selling securities in an insolvent company without full disclosure
  • two counts of making a false statement about the financial condition of an issuer
  • four counts of theft by deception

Beck faces a possible maximum sentence of 102 years in prison if convicted of all charges.

Fussner was indicted on 7 felony charges:

  • one count of misrepresentations in the sale of a security
  • one count of unlicensed sale of securities
  • one count of fraud in the sale of securities
  • one count of sale of unregistered securities
  • one count of selling securities in an insolvent company without full disclosure
  • one count of making a false statement about the financial condition of an issuer
  • one count of theft by deception

Fussner faces a possible maximum sentence of 43 years in prison if convicted of all charges.

John W. Fussner was the President and Peter A. Beck was the Chief Financial Officer of CTech.  Victims lost approximately $200,000. 

Hamilton County Prosecutor Joseph T. Deters commented, “I am pleased that the Attorney General’s office is vigorous in investigating and prosecuting these types of cases.  Theft is theft whether it is a simple theft of merchandise from a store or the sophisticated scheme perpetrated by Beck and Fussner.

Attorney General Mike DeWine commented, “John Fussner and Peter Beck knew CTech was insolvent and yet they did not disclose this to investors. They knew the truth, and yet deceived investors to get their capital to keep the company afloat and use the money for other purposes.”

 

Although this is a joint prosecution between the Ohio Attorney General’s office and the Hamilton County Prosecutor’s office, future media calls should be directed to Lisa Peterson Hackley, Communications Director for the Attorney General, at 614-644-0508 or 614-619-6237.