November 24, 2010

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Baseball training facility promoter charged with grand larceny, tax evasion


WHITE PLAINS – A Scarsdale man is in the Westchester County Jail on $10,000 bail after he was arrested on charges stemming from an allegedly fake baseball training facility scheme.

Westchester District Attorney Janet DiFiore said Frank Schwall, 46, was charged in an eight count indictment with grand larceny, criminal possession of a forged instrument, falsifying business records, offering a false instrument for filing, all felonies, and failure to file a state tax return, a misdemeanor.

Schwall created Big Apple Baseball, LLC to market a new indoor training facility for little league aged children.

He solicited funds from several high net worth Scarsdale residents who invested money in the company.

He is alleged to have diverted a majority of the funds to his own bank accounts, leaving the baseball company insolvent.

Schwall is also charged with not claiming almost $335,000 in his state income tax returns over a two year period.

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