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January 7, 2009
A real estate developer charged with 23 counts of theft and forgery, including felony racketeering has a few months to decide whether or not he wants to strike a plea bargain before his trial date in June.
Mark Strodtman, 51, and others from JS Real Estate LLC are accused of defrauding more than 20 homeowners in Colorado by inducing them to purchase homes they couldn’t afford and then falsifying the documentation to get the loan approved. If convicted, Strodtman faces up to 189 years in prison.
Late last year, Strodtman had fled to Mexico and was extradited back to Colorado and has been held in Weld County Jail on a $12 million bond he hasn’t been able to post. Strodtman has until May 11 to reach a deal.
Read story at The Greeley Tribune
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