- Associated Press - Friday, July 17, 2015

CLEVELAND (AP) - Federal authorities say four northern Ohio men indicted in an alleged conspiracy to defraud investors out of $7 million were associated with a Mansfield-based company pitching a hypodermic needle destruction device.

A statement from the FBI and a federal prosecutor says the defendants misrepresented a product that wasn’t federally approved or ready for mass production. They’re also accused of seeking buyers for private shares of stock in the company that weren’t registered securities between 2007 and 2013.

Authorities say the 31-count indictment announced Thursday includes counts of fraud, conspiracy to commit mail and wire fraud, conspiracy to launder money and making false statements.

It wasn’t immediately clear whether the defendants have attorneys.

They are from Glenmont, Lexington, Macedonia and Mansfield. They range in age from 58 to 80.



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