A Perrysburg man is charged with embezzling more than $100,000 in funds through various actions including
what Wood County Prosecutor Paul Dobson described as a form of mortgage fraud.
Charles Schmarlzried, 43, of Perrysburg, was indicted on four separate counts by a Wood County grand jury
on Wednesday for his actions.
He is charged with securing writings by deception, and complicity to defrauding creditors, both
third-degree felonies; and two counts of theft by deception, fourth-degree felonies.
All of the alleged offenses are said to have occurred December 2007 through February 2009, and Dobson
said it involved one prolonged deal.
In the first count the defendant is alleged to have caused by deception someone else to dispose of
property valued at more than $100,000.
The prosecutor summarized Schmarlzried is alleged to have falsified or caused someone else to falsify
loan documents to make it look like a house sold at a different price in order to process a loan
agreement. The house was valued at around $300,000, but the price was altered by roughly $50,000.
The second count alleges he did all this to aid or abet the owners of the house in defrauding the
creditors.
The first of the theft by deception counts involves the loss of real estate sales commissions to another
individual, with a value of approximately $7,000, and the final count involves someone who was supposed
to share in the proceeds of the sales. That loss could range from $60,000 to $100,000.
Dobson said the defendant was working as an independent businessman at the time.
The case has been assigned to the courtroom of Wood County Common Pleas Judge Reeve Kelsey. The
arraignment is set for 1 p.m. on Jan. 31.
Each of the third-degree felony charges carries a maximum penalty of one to five years in prison; the
theft charges carry a maximum of six to 18 months in custody.
