Ohio Man Who Swindled Investors In High-Yield T-Bill Scam Found Guilty Of 11 Felonies; Sentencing For Isaac J. Castile III Set For Nov. 19

UPDATED 3:15 P.M. EDT (U.S.A.) Isaac J. Castile III of Reynoldsburg, Ohio, has been found guilty of 11 felonies in a securities swindle that promised annual returns of 100 percent, the Ohio Department of Commerce Division of Securities announced today.

A Franklin County jury returned the verdicts after a four-day trial, the agency said.

Castile, chairman and CEO of Columbus-based Metropolitan Enhancement Corp., was taken into custody immediately after the verdicts were returned, the agency said.

The prosecution was handled by the office of Franklin County Prosecuting Attorney Ron O’Brien, the agency said.

From the agency (italics added):

Castile told investors that he would invest their funds in U.S. Treasury bills and promised annual
returns of 50 percent and 100 percent. The Treasury bills were not purchased. Castile was found
guilty on the following charges:

  • 3 counts of securities fraud
  • 3 counts of false representations in the sale of securities
  • 3 counts of sales of unregistered securities
  • 2 counts of theft

Of the 11 counts, six are first-degree felonies and five are third-degree felonies.

Castile “stole approximately $255,000 in funds from two central Ohio investors,” the agency said.

Sentencing before Judge Michael Holbrook is set for Nov. 19.

Upon Castile’s 2011 indictment, the agency said, “Castile ignored earlier subpoenas and court orders to testify before the Division of
Securities.”

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2 Responses to “Ohio Man Who Swindled Investors In High-Yield T-Bill Scam Found Guilty Of 11 Felonies; Sentencing For Isaac J. Castile III Set For Nov. 19”

  1. This article is incorrect I and several others invested with Jonathan for years and made plenty of money he is a good man.

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  2. Philip walsh: This article is incorrect

    What’s incorrect about it?

    Philip walsh: I and several others invested with Jonathan for years and made plenty of money he is a good man.

    If Isaac J. Castile III is the “Jonathan” to whom you refer, is it not true he was convicted? And if he wasn’t convicted, then why did the state of Ohio issue a news release about his conviction (with the governor’s name appearing on the letterhead) and announce he was convicted after a four-day jury trial over which Judge Holbrook presided?

    Patrick

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