A Windsor man indicted by a grand jury for felony racketeering now has a warrant out for his arrest.
Margie Martinez, Weld County undersheriff, said Mark Strodtman has an active warrant out for his arrest, and his bail is set at $100,000.
Strodtman was indicted in late March following a year investigation by the DA’s office. He is accused under the Colorado Organized Crime Control Act of felony racketeering, 11 counts of felony theft and 11 counts of forgery.
At that time Strodtman had agreed to turn himself in, according to a press release issued by the Weld District Attorney.
In April 2007 homeowners, in the Gateway Lakes subdivision in southwest Greeley, said Strodtman, 50, and his associates from JS Real Estate LLC conned them into buying homes out of their price range by falsifying documentation to approve their loans.
The mortgage scheme resulted in foreclosures, reduced the property values in the surrounding areas and defrauded the lender, according to the DA's office.
For more on this story see Tuesday's Greeley Tribune.