Crime & Safety

Aurora Man Accused of Stealing From Beachwood Firm, Clients

Andrew Franz, 41, stole from his father's company Ruby Corporation

An Aurora man has been accused of defrauding a Beachwood investment firm and its clients of $366,000, the United States Attorney for the Northern District of Ohio and the Cleveland branch of the FBI reports.

Andrew Franz, 41, worked for his father's company the Ruby Corporation, The Plain Dealer reports.

“This defendant betrayed the trust of his employer and his clients,” Stephen Dettelbach, the U.S. Attorney for the Northern District of Ohio said in a press release. “He lined his pockets with the money that people worked a lifetime to save.”                   

Stephen D. Anthony, Special Agent in Charge of the Cleveland office of the Federal Bureau of Investigation, said, “Andrew Franz enriched himself with hundreds of thousands of ill-gotten dollars by creating and carrying out various fraudulent schemes. The FBI will continue to work with our law enforcement partners to bring to justice those that steal the hard-earned money of others.”

The U.S. Attorney's Office lists all the charges against Franz on their website.

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