Todd Brunner, 57, a onetime local king of foreclosures, and his son, Shawn, 24, were arrested on Monday after a warrant for their arrest was issued on Friday on charges of bank fraud and bankruptcy fraud, an article in the Milwaukee Wisconsin Journal Sentinel said.
The article reported that the two were dodging marshals who last week tried repeatedly to serve them with a summons to appear for arraignment.
Authorities allege that the Brunners hid assets from the bankruptcy court and that Todd Brunner tried to conceal more than $7 million in assets from lenders. Todd Brunner filed for bankruptcy in 2011 after the collapse of his business, which he built by buying, selling and renting out hundreds of foreclosed properties throughout southeastern Wisconsin.
