Still shot of the suspects from the Fox 59 broadcast.
Still shot of the suspects from the Fox 59 broadcast.

Fox 59 in Indianapolis reports on two men who are accused of bilking home buyers and subcontractors out of more than a million dollars in an alleged Ponzi scheme.

Building and buying a home takes a huge financial commitment, but several prosecutors now say two men, Gary Ogle and Robert Fersch, used a home-building company to defraud customers and subcontractors for years.

The two suspects now face more than a hundred criminal charges in Hendricks, Marion and Hamilton counties, as well as more than a hundred charges in Boone County for corruption, forgery, perjury and theft.

The suspects allegedly used a variety of scams. One of the most common involved the suspects taking money from customers to build a home. The suspects would then use that money to pay off debts of previously built homes. Eventually, the suspects were no longer able to pay their debts resulting in liens being placed on completed homes.

In other cases, the suspects would take money for the construction and hire subcontractors to complete some of the work, but then didn't pay the subcontractors, again resulting in liens being placed on the homes.

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