Westfield Man Sentenced for Wire Fraud and Money Laundering

BY: Department of Justice, U.S. Attorney’s Office, Southern District of Indiana A Westfield man was sentenced to 5 years in prison for wire fraud and money laundering. He will also serve 3 years of supervised release and was ordered to pay over $1,500,000 in restitution. According to court documents, George S. Blankenbaker Jr., 56, was charged April 1, 2021 with wire fraud and money laundering after an investigation by the Internal Revenue Service Criminal Investigation. Between May 2008 and August 2016, Blankenbaker created three business entities, Stargrower Commercial Bridge Loan Fund 1 LLC, Stargrower Asset Management LLC and EDU Holding Trust. He...

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