An Oakland County person has been charged in connection with allegedly thieving 1000’s of bucks in deposits from potential business homeowners following unsuccessful deals, the Michigan Attorney General’s Office environment introduced Friday.

Denny DiCapo, 62, was arraigned Thursday in 52-3 District Court on 5 counts of larceny by conversion, $1,000 to $20,000, which are 5-calendar year felonies, and

one count conducting a legal business, a 20-yr felony, documents display.

State officers allege the Rochester Hills resident used his now-dissolved corporation, Biz Cash Brokerage, Inc., to scam six victims out of $21,000 in refundable fantastic-faith deposits after pinpointing himself as a enterprise broker and listing agent for eating places, a fuel station and a car service centre.

DiCapo is accused of persuading the victims to pay back him the deposits to buy the businesses, which was also documented in contracts, then taking the cash when the promotions fell by means of, the lawyer general’s business reported in a assertion.