Michigan Business Owner Guilty Of Arson
Wednesday, February 11th, 2015 Fraud PropertyThe owner of a commercial laundry company in Warren that was destroyed by a natural gas explosion four years ago has pleaded guilty to intentionally setting a fire that caused the explosion, according to the U.S. Attorney’s Office.
Alexandros Yfantidis entered a guilty plea to one count of mail fraud and admitted in court that he burned down Best Textile Services on Hoover Road near Stephens Road on May 4, 2011 in order to collect on an insurance policy. His plea agreement with federal prosecutors calls for restitution to reimburse victims whose homes and personal property were damaged by the explosion.
External References & Further Reading
http://www.macombdaily.com/general-news/20150210/warren-business-owner-pleads-guilty-in-arson-for-profit-scheme
