Maryland Developer Pleads Guilty to Conspiracy in $5.7 M Bank Fraud Samuel R. VanSickle,51, Accident, Maryland, begged guiltyto conspiring to dedicate financial institution fraudulence emerging from 3 illegal financial institution lendings in which VanSickle obtained earnings from the sale of genuine residential property in Garrett County, Maryland, as well as Cheat Lake, West Virginia, amounting to over $5.7 million.VanSickle as well as co-defendant Louis W. Strosnider, III,49, Oakland, Maryland, had and also established building in Garrett County, Maryland. Unity Mortgage did not, in reality, have a home mortgage on Red Run.Strosnider as well as VanSickle utilized comparable illegal approaches in Strosniders acquisition from VanSickle of 5.87 acres on State Park Road, surrounding Deep Creek Lake, and also 116 acres of untaught land on Cheat Lake, West Virginia.VanSickle obtained over $5.7 million in sales profits from the deceptive deals. VanSickle has actually concurred to pay as well as surrender restitution in that quantity, and also waive his rate of interest in 40 buildings held in VanSickles name or in the names of candidates in Maryland, West Virginia and also Pennsylvania, up to the worth of$2,755,102.50. Samuel R. VanSickle,51, Accident, Maryland, begged guiltyto conspiring to dedicate financial institution scams developing from 3 illegal financial institution finances in which VanSickle obtained profits from the sale of genuine residential property in Garrett County, Maryland, as well as Cheat Lake, West Virginia, completing over $5.7 million.VanSickle as well as co-defendant Louis W. Strosnider, III,49, Oakland, Maryland, had and also created residential property in Garrett County, Maryland. When the financial institution called for extra security, VanSickle provided a wood agreement for land in Garrett County with an evaluation authorized by Paul Walsh of Noble Forest Consultants. Unity Mortgage did not, in reality, have a home mortgage on Red Run.Strosnider and also VanSickle made use of comparable illegal techniques in Strosniders acquisition from VanSickle of 5.87 acres on State Park Road, surrounding Deep Creek Lake, as well as 116 acres of untaught land on Cheat Lake, West Virginia.VanSickle got over $5.7 million in sales earnings from the illegal purchases. VanSickle has actually concurred to pay as well as surrender restitution in that quantity, and also surrender his rate of interest in 40 homes held in VanSickles name or in the names of candidates in Maryland, West Virginia and also Pennsylvania, up to the worth of$2,755,102.50.