You have reached your limit of free articles this month.

Enjoy unlimited access to SpringfieldNewsSun.com

Starting at just 99¢ for 8 weeks.

GREAT REASONS TO SUBSCRIBE TODAY!

  • IN-DEPTH REPORTING
  • INTERACTIVE STORYTELLING
  • NEW TOPICS & COVERAGE
  • ePAPER
X

You have read of premium articles.

Get unlimited access to all of our breaking news, in-depth coverage and interactive features. Starting at just 99c for 8 weeks.

X

Welcome to SpringfieldNewsSun.com

Your source for Clark and Champaign counties’ hometown news. All readers have free access to a limited number of stories every month.

If you are a News-Sun subscriber, please take a moment to login for unlimited access.

breaking news

John Glenn, the 'last true national hero,' dead at 95

Co-defendant files civil suit against Beck


Embattled state lawmaker Pete Beck has a co-defendant filing a civil lawsuit against him in Hamilton County Common Pleas Court.

The Mason Republican is facing 54 criminal charges in a securities fraud scandal where a group of investors claim the certified public accountant used his financial acumen to lure them into a $2.1 million loss. A civil lawsuit was filed by investors in January 2013. Vernon “Chip” DeMois, who is a co-defendant in the 22-claim civil case, filed his own civil suit against Beck and his former accounting firm earlier this year.

He claims Thomas Lysaght, who is deceased and is referred to as the “rainmaker” in the investment scheme, and Beck convinced him to become president of Lysaght’s TML Consulting firm, which is at the center of the scandal. Then they used DeMois’ good name to lure other investors to back two companies — Christopher Technologies and Musaegis. The money apparently never went into the companies, rather it went into the schemers’ pockets, the lawsuit alleges.

DeMois claims as soon as he learned shady deals were afoot he immediately divorced himself from TML and everything connected to it. DeMois’ name is peppered throughout the initial lawsuit. He has not been criminally charged but he said the allegations in the civil suit have harmed him and he blames Beck.

“DeMois voluntarily disclosed all investigations and legal actions to every client and potential client,” the lawsuit reads. “Due to these investigations and related litigation, DeMois has been forced to decline tens of thousands of dollars worth of business opportunities. For example DeMois lost a six-figure opportunity in February 2014 following disclosure of these matters.”

He wants $150,000 he says he earned but never received from TML, damages for “lost business opportunities, emotional distress and attorney’s fees” and punitive damages.

One of Beck’s civil attorneys Konrad Kircher has always claimed Beck was also a victim and people are looking for a scapegoat who is perceived to have deep pockets.

“I’m not really impressed with the lawsuit, I think it was just filed kind of at the last minute for DeMois to kind of jump on the bandwagon,” he said. “I think its a revisionist history.”

Lisa Hackley, a spokeswoman for Attorney General Mike DeWine, who is handling the criminal case along with Hamilton County Prosecutor Joe Deters, said the second lawsuit will have no impact on the criminal case. Beck originally faced 69 counts including theft, fraud, perjury and engaging in corrupt activity.

DeMois is the second co-defendant to turn on Beck. John Fussner, former president of Christopher Technologies, was indicted with Beck in the first 16 counts approved by a grand jury last summer. He pleaded guilty to two counts of securities fraud in April. The attorneys agreed Fussner was not involved in eight of the counts in the indictment lodged against Beck and Fussner and six counts were dismissed. Fussner faces two to eight years in prison, but prosecutors are recommending probation because Fussner has agreed to testify against Beck.

DeMois’ attorney Steve Goodin said he could not comment.


Reader Comments ...


Next Up in Crime

Norovirus outbreak in Clark County: 5 things you should know
Norovirus outbreak in Clark County: 5 things you should know
City, county governments may have to allow concealed guns in buildings
City, county governments may have to allow concealed guns in buildings
Report: Life expectancy in the U.S. is shrinking
Report: Life expectancy in the U.S. is shrinking
The average life expectancy of an American is getting shorter, according to the National Center for Health Statistics.
Local aviation expert says John Glenn’s death has not ‘sunk in yet’
Local aviation expert says John Glenn’s death has not ‘sunk in yet’
U.S. government considers allowing phone calls on flights
U.S. government considers allowing phone calls on flights
Under a proposed rule, it could become a lot more clear whether or not you can use your cellphone to make voice calls on flights in the United States.
More Stories