Columbus-area businessman faces federal fraud charges

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A Columbus-area businessman is facing multiple federal charges that he defrauded banks, credit unions and investors of more than $10 million.

Todd Van Natta, who operated businesses in Columbus and Seymour, was charged by federal indictment last week with 10 counts of bank fraud and three counts of wire fraud, according to U.S. Attorney for the Southern District of Indiana Joseph Hogsett.

Van Natta, president and manager of Seymour-based Van Natta Asset Management LLC and several related companies, is accused of devising a scheme to defraud financial institutions to obtain large sums of money under false pretenses. According to a statement from Hogsett, loans occurring between March 2007 and 2009  exceeded $10 million.

The indictment accuses Van Natta of preparing and submitting false documents, including phony income tax returns, to obtain loans from banks and credit unions in Bartholomew, Decatur, Monroe, Morgan and Washington counties.

The loans included $3.8 million for an 83-room River House hotel in Evansville. Less than four years after the loan, the hotel sold for $475,000 at a sheriff’s sale after foreclosure, according to the Evansville Courier & Press.

Hogsett said other loans involving Van Natta’s businesses included $2.1 million for properties in Seymour and $3.1 million for properties in Fort Wayne. Van Natta also received a $100,000 loan to buy a 1970 Cessna aircraft and a loan for $550,000 for a 2007 fantasy yacht.

Van Natta also is accused of defrauding a Utah investor of thousands of dollars, ostensibly for the purchase and upgrade of an aircraft Van Natta listed for sale. Hogsett’s office said Van Natta never owned the plane.  

If convicted, Van Natta faces up to 30 years in prison and a $250,000 fine on each count of bank fraud and up to 20 years in prison and a $250,000 fine on each count of wire fraud.

Hogsett’s statement said prosecutors will seek to recover assets if Van Natta is convicted. The charges resulted from an investigation that included the FBI and Internal Revenue Service.  



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  1. This is ridiculous. Most JDs not practicing law don't know squat to justify calling themselves a lawyer. Maybe they should try visiting the inside of a courtroom before they go around calling themselves lawyers. This kind of promotional BS just increases the volume of people with JDs that are underqualified thereby dragging all the rest of us down likewise.

  2. I think it is safe to say that those Hoosier's with the most confidence in the Indiana judicial system are those Hoosier's who have never had the displeasure of dealing with the Hoosier court system.

  3. I have an open CHINS case I failed a urine screen I have since got clean completed IOP classes now in after care passed home inspection my x sister in law has my children I still don't even have unsupervised when I have been clean for over 4 months my x sister wants to keep the lids for good n has my case working with her I just discovered n have proof that at one of my hearing dcs case worker stated in court to the judge that a screen was dirty which caused me not to have unsupervised this was at the beginning two weeks after my initial screen I thought the weed could have still been in my system was upset because they were suppose to check levels n see if it was going down since this was only a few weeks after initial instead they said dirty I recently requested all of my screens from redwood because I take prescriptions that will show up n I was having my doctor look at levels to verify that matched what I was prescripted because dcs case worker accused me of abuseing when I got my screens I found out that screen I took that dcs case worker stated in court to judge that caused me to not get granted unsupervised was actually negative what can I do about this this is a serious issue saying a parent failed a screen in court to judge when they didn't please advise

  4. I have a degree at law, recent MS in regulatory studies. Licensed in KS, admitted b4 S& 7th circuit, but not to Indiana bar due to political correctness. Blacklisted, nearly unemployable due to hostile state action. Big Idea: Headwinds can overcome, esp for those not within the contours of the bell curve, the Lego Movie happiness set forth above. That said, even without the blacklisting for holding ideas unacceptable to the Glorious State, I think the idea presented above that a law degree open many vistas other than being a galley slave to elitist lawyers is pretty much laughable. (Did the law professors of Indiana pay for this to be published?)

  5. Joe, you might want to do some reading on the fate of Hoosier whistleblowers before you get your expectations raised up.