Hany Bekhit, Moemen Ibrahim, Dijana Ibrahim and Alaa M. Abouelenein, were indicted by the Delaware County grand jury officially charging them for their connection to the multi-million dollar mortgage fraud scheme that operated in Ohio counties, Delaware and Franklin.

Bekhit, 35, California, M. Ibrahim, 41, New Albany, Ohio, and Abouelenein, 28, Columbus, Ohio, were each indicted on five counts of money laundering, two counts of forgery and one count each of aggravated theft and receiving stolen property. D. Ibrahim 28, Hilliard, Ohio, was charged in a 16-count indictment, which includes charges of engaging in a pattern of corrupt activity, money laundering, forgery, aggravated theft and receiving stolen property. Arrest warrants have been issued for all four.

Agencies with the Ohio Organized Crime Investigations Commission - which includes the Delaware County Prosecutor's Office, the Ohio Attorney General's Office and Powell Police Department - had been investigating this criminal ring for over a year when they arrested ring member Gihan Zalat, 40, Columbus, Ohio. A grand jury handed down identical 15-count indictments against Zalat and one other ring member - Scott McCann, 45, Columbus, Ohio. Charges include money laundering, engaging in a pattern of corrupt activity, aggravated theft and receiving stolen property.

At arraignment, both pled not guilty to the charges and bond was set at $500,000 for Zalat and $100,000 for McCann. Zalat is currently being held in the Delaware County Jail. McCann was released after posting bond.

The scheme, operated under the assistance of unethical appraisers and brokers, involved homes that were appraised at more than their factual value then sold for the above market price to ring members. The homes were financed through unsuspecting lending institutions, which provided those involved with a significant amount of money. Along with fraudulent appraisals, members also used falsified tax returns and loan documents to swindle the lending institutions out of thousands of dollars.

Six of the homes involved were in the Dublin and Powell area of Delaware County, Ohio. Many of the houses involved were never occupied after sale and went into foreclosure.

Aboulenein Indictment;

Dijana Ibrahim Indictment;

Bekhit Indictment; and

Moemem Ibrahim Indictment.