A federal grand jury indicted Samuel R. VanSickle, 49, of Accident,
According to the six count indictment, VanSickle and Strosnider owned and developed property in
Officials say VanSickle controlled a mailbox at an address in Accident where he also rented a post office box. They say VanSickle used a number of different business names, including
Strosnider operated Stony Brook Development Company LLC, in McHenry.
The indictment alleges from December 2001 through June 2004 VanSickle and Strosnider comprised a scheme to fraudulently obtain money and property from financial institutions through false names, and inflating the value of the properties through fraudulent loans and mortgages.
According to Assistant United States Attorney Joyce McDonald, who is prosecuting the case, an indictment is not a finding of guilt. VanSickle and Strosnider have been charged, but are innocent until proven guilty.
The two men have not been taken into custody, or processed at this time. An initial appearance has been scheduled for