The Bay County Sheriff’s Office Criminal Investigations Division arrested a local man believed responsible for passing more than 5 million dollars in worthless checks.
Complaints were filed yesterday at the BCSO concerning Ivan L. Redmond. Several contractors had been given large checks to cover the cost of renovations on a restaurant Redmond stated was his and needed remodeling.
The checks had proven to be worthless. Subsequent investigation into the allegations revealed that Redmond had also made a down payment towards the purchase of the restaurant on Front Beach Road with checks totaling about $200,000 that had proven worthless.
Investigators also discovered additional real estate that Redmond had attempted to buy with checks totaling about five million dollars. Again, all the checks proved worthless and the account the checks were written on was a closed account.
Redmond, DOB 6/27/64, of 1123 Ethlyn Road, Panama City, was located at a home on Vestavia Street on Panama City Beach and was charged with two counts of Grand Theft and two counts of Passing Worthless Checks.
The investigation continues and additional charges expected.
Anyone who has had business dealings with Ivan L. Redmond and wishes to file a complaint is asked to call the Paul Vecker at the Bay County Sheriff’s Office at 248-2150.