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Man indicted in fraud case

A former Butler County real estate agent has been federally indicted on charges he hid assets from bankruptcy court then used some of the money to buy a $350,000 home in Florida.

Gregory Makozy, the previous owner of A1 Mortgage in Cranberry Township, is to appear Sept. 8 in federal district court in Pittsburgh on charges of bankruptcy fraud, concealment of bankruptcy assets, false bankruptcy declaration, false statement under oath and money laundering

According to related court records, Makozy in 2013 listed $1,321 in assets.

However, prosecutors said Makozy initiated a series of transactions with the intent to hide his assets within a year of that filing, including the June 2012 sale of his $1 million Blackstone Ridge Drive home in Adams Township that netted him more than $505,000 after costs and liens.

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