Financial fraud leads to lawsuit over loan

Jonathon Warren filed a lawsuit Oct. 17 in the Cook County Circuit Court against Dennis Wolfe, doing business as Wolfe and Associates Inc., and Aerocrafters LLC, over a loan he provided to a failed business venture.

According to Warren, he met Wolfe in 2009, when Wolfe prepared his tax returns and advised him in tax planing matters related to Warren's own start up businesses.

Warren claims that in 2011, Wolfe started telling him about Aerocrafters, a company Wolfe started with a man named Tod Anderson. Warren allegedly became interested in investing in Aerocrafters after Wolfe provided him with financial projections for the company.

According to the complaint, Warren was prepared to provide a $60,000 loan based on Wolfe's representations.

At some point in December 2011, Warren claims he started asking for financial statements. Warren claims that during this time, Anderson, the alleged head of Aerocrafters, was charged with wire fraud.

In October 2012, the suit states Anderson allegedly committed suicide and his estate denied Warren any financial relief.

Warren now claims he was induced to invest in Aerocrafters by factual misrepresentations made by Wolfe. Warren is seeking more than $50,000 in damages. He is represented by Chicago attorney John D. Fitzpatrick of Mandell, Menkes LLC.

Cook County Circuit Court Case No. 2013-L-011528.

This is a report on a civil lawsuit filed in the Circuit Court of Cook County. The details in this report come from an original complaint filed by a plaintiff. Please note, a complaint represents an accusation by a private individual, not the government. It is not an indication of guilt, and it only represents one side of the story.