Christopher Bohnenkamp, 41, formerly of Kunda, Idaho, was indicted on September 13, 2016 for wire fraud and bank fraud. On September 15, 2016, Bohnenkamp surrendered to an arrest warrant in Buffalo, New York and was taken into custody.
The inditment, unsealed upon Bohnenkamp’s surrender to the arrest warrant, alleges that Bohnenkamp owned two companies – Bohnenkamp’s Whitewater Customs, Inc. and Treasure Valley Marine, Inc. – that custom built jet boats and trailers. In 2014, Bohnenkamp devised a scheme to defraud customers and material vendors of his companies by misrepresenting that his companies would custom build and deliver jet boats and trailers and pay vendors for materials that they supplied on credit.
The indictment alleges that, from 2012 through 2014, Bohnenkamp accepted approximately $1,611,339 in upfront payments from fifteen customers, but never built and delivered jet boats and trailers they orders. Still owing these customers jet boats and trailers they ordered, and owing material vendors for component parts purchased on credit, the defendant continued to accept orders and upfront payments from new customers from May of 2014 through December of 2014, during which time his companies were insolvent. According to the Indictment, during this time, thirteen new customers paid Bohnenkamp’s companies approximately $1,662,699, and received either unfinished boat hulls or nothing in return.
The indictment further alleges that, between 2012 and 2014, Bohnenkamp defrauded KeyBank and Washington Trust Bank in connection with approximately $1,006,053 in proceeds they lent to six customers to purchase jet boats and trailers. The indictment alleges that Bohnenkamp caused the banks to be provided with false bills of sale that misrepresented that down payments were made, inflated trade-in values, and omitted kick-backs of cash.
The indictment further alleges that, if convicted of wire fraud, the defendant shall forfeit $1,662,669, and that, if convicted of bank fraud, the defendant shall forfeit $1,006,053.