In a lawsuit towards his 78-year-old father, two siblings and an grownup son, Todd Dyer, the "Deliver it on" felon who's doing 15 years for stealing $three million, lays out a plan that would supply him with a six- or seven-figure nest egg when he's launched.
Within the lawsuit, Dyer, who's being held in a low-security federal jail in Ohio, charged his father, James A. Dyer, with breach of contract and conversion of funds. Todd Dyer claimed within the swimsuit that he gave his father money to be put in "varied trusts arrange for Plaintiff Dyer and Plaintiff Dyer's youngsters's care and upkeep." His father stored the cash, Todd Dyer charged.
"It's effectively documented that Todd is a prolific liar," his father, James A. Dyer, mentioned in an interview Friday. James Dyer mentioned his son by no means gave him cash. Quite, he mentioned, he and his late spouse loaned Todd Dyer, 56, tons of of 1000's of however weren't paid again.
Todd Dyer's lawsuit seems to be banking on profitable a separate lawsuit filed towards the Bakleys, a northern Illinois household that he scammed out of $900,000, in response to court docket information and the lawsuit filed by Dyer.
Todd Dyer claims within the swimsuit that he and his father agreed that any settlement obtained on account of the Bakley swimsuit could be positioned in trusts benefiting Todd Dyer.
A brief restraining order issued in federal court docket in October bans Todd Dyer from "taking part in or persevering with" any lawsuits involving witnesses and victims of his fraud schemes, together with the Bakleys.
Members of the Bakley household declined to remark.
Todd Dyer claims within the swimsuit towards James Dyer that shortly after his conviction, he verbally approved his father to position greater than $1 million in belief for use to assist assist Todd Dyer's 4 youngsters, ages three to 25. The swimsuit doesn't clarify the place that cash was to come back from.
As well as, James Dyer was to ship his son $100 per week whereas he was incarcerated, the swimsuit claims. He's scheduled to be launched in 2030, in response to the U.S. Bureau of Prisons.
Todd Dyer claims within the swimsuit that he and his father agreed that any remaining funds could be paid to Todd Dyer when he's launched from jail, the swimsuit states. Probably the most severe allegations within the lawsuit are aimed toward his father, however Todd Dyer additionally fees his different relations with illegally taking his property and different wrongdoing.
James Dyer, a widely known Lake Geneva insurance coverage agent, mentioned Friday there was no such settlement and that he and his now-deceased spouse, Marilyn, had been victims of their son's harassment.
Despite the fact that he and his spouse had been supporting Todd Dyer's household "he nonetheless threatened us and really filed a frivolous lawsuit towards us as his mother lay dying," James Dyer mentioned.
Todd Dyer sued his father and different members of the family in July. His mom died of ALS the next month.
James Dyer mentioned he did ship his son $100 per week when he was despatched to jail in 2017. He mentioned he thought that cash was for use to fund an enchantment.
"Through the years we've got been amongst his largest victims each financially and emotionally," James Dyer mentioned. One or each of Todd Dyer's mother and father attended a number of of Todd Dyer's court docket hearings.
Todd Dyer, who was convicted of fraud in 1999, 2004 and 2017, is understood for his cocky, braggadocio. In 1999 he was sentenced to 70 months in federal jail for operating a $2.25 million Ponzi scheme. He was convicted of securities fraud in Illinois in 2004.
In a 2013 interview with the Journal Sentinel, he challenged then-federal prosecutor Joseph Wall to "Deliver it on!" Wall did simply that, and Dyer was indicted 2015 and once more the next 12 months. Wall, who's now a Milwaukee County Circuit choose, additionally prosecuted Dyer within the Ponzi scheme case.
In his most up-to-date circumstances, Dyer was sentenced to 10 years for scamming the Bakley household by persuading them to rent him after he falsely instructed them his father had stolen the household's life insurance coverage coverage.
That sentence is being served concurrently with a 15-year federal sentence for defrauding about two dozen traders out of practically $2 million. The cash was for use by Dyer corporations to purchase farmland. Nonetheless, the businesses by no means purchased a single acre of land.
Dyer, representing himself, initially fought the costs within the farmland case throughout a quick jury trial. He pleaded responsible on the third day of the trial.
Earlier than Dyer pleaded responsible, Wall instructed the jury the cash collected from traders was used as a "piggy financial institution for Todd Dyer" and that $33,762 was spent on the Vegas Gentleman's Membership in Walworth County and $169,000 was taken by Dyer "in money - you'll be able to't hint it."
The swimsuit towards his father is along with lawsuits and threats of lawsuits Todd Dyer has introduced towards victims and witnesses of his crimes since he was despatched to jail in March 2017.
In September, the U.S. Legal professional's Workplace sued Dyer, charging he has been "harassing victims (of his crimes) by threatening civil lawsuits towards them, then initiating lawsuits when these victims refused to pay Dyer's so-called settlement calls for of tons of of 1000's of ."
U.S. District Court docket Decide Pamela Pepper referred to as Dyer's actions "the very definition of harassment" and issued a brief restraining order banning him from contacting or harassing victims or witnesses of his crimes.
Robert Penegor, his lawyer within the restraining order case, didn't return requires remark. Dyer is representing himself within the swimsuit towards his father that was filed in Walworth County Circuit Court docket.
Although Dyer claims within the swimsuit he gave his father money to place in belief accounts, he nonetheless owes greater than $5 million restitution to victims of his fraud and Ponzi schemes.
"If he is acquired the cash, I need the cash," mentioned Trent Griffith, a farmer who misplaced $153,000 to Dyer's farmland scheme. Victims of Dyer's frauds "ought to obtain full restitution. That is our cash, he stole our cash. Interval - finish of story."
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