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Gutierrez also allegedly defaulted on $22,000 in property taxes, according to the Times of Northwest Indiana. The taxes were owed on four of his properties, the report said. Under the scheme, Gutierrez tried to obtain additional acreage, but he could not do so because of overdue property taxes, Nommay said.

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The problem, though, is that these different settings move downward. I¡¯m not seeing developers that offer 98%, 97.3%, 96.2%, 94.5%, and 93% payback. Instead, I am seeing examples like this:


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