Oakland Co. man accused of scamming small business shoppers out of $21K

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.

“Exploiting hardworking folks with the intent to fraud them out of their tricky-acquired money will not be tolerated by my Monetary Crimes Division,” Michigan Attorney Normal Dana Nessel stated. “We will fight for citizens who are cheated and pursue accountability for undesirable actors.”

DiCapo continues to be at the Oakland County Jail on a $100,000 bond.

Magistrate Marie Soma ordered him to put on a GPS tether if he is unveiled.

A possible cause convention is scheduled for Aug. 2, followed by a preliminary evaluation a week afterwards.