Youngstown Finance Director David Bozanich: 'I'm innocent'

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YOUNGSTOWN — City Finance Director David Bozanich said he is innocent of any wrongdoing related to the 105-count indictment of Dominic Marchionda, a prominent downtown property developer, and his affiliated businesses.

“I’ve done nothing wrong and time will tell,” Bozanich said today. He declined further comment.

The indictment, unsealed Monday by a Mahoning County grand jury, alleges Marchionda used a scheme to funnel at least $600,000 from city funds to himself through various companies “to live his lavish lifestyle and enrich himself.”

The indictment also alleges an unnamed city official helped Marchionda in exchange for a $25,000 bribe in spring 2009.

A source with knowledge of the lengthy investigation of Marchionda said the city official is Bozanich. There also are enough hints in the indictment that point to Bozanich, including a line that states to ensure a Marchionda project obtains city approval, the $25,000 is needed to “take care of Dave.”

Mayor John A. McNally said he has no plans to fire or discipline Bozanich.

For the complete story, read Wednesday’s Vindicator and

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