James Gregory Glick and three other
men, Guy Miller, Shawn Simon and William Thompson are named in various counts
of arson and mail fraud.
Federal prosecutors say the scheme
involved purchasing a building at 111 Stratton Street in Logan, which was right
across the street from the 317 Steakhouse that Glick owns, getting inflated
insurance coverage on the building and then having it burned down to collect
the money.
The indictment Glick agreed to pay
Thompson, an independent insurance agent, $75,000 for an inflated
insurance policy after the building was purchased for $45,000 in Dec. 2011. A
$1 million policy was obtained and the building was burned down in Feb. 2012.
Glick later collected just more than $1 million.
The indictment said several other
people were involved in the conspiracy, some known to the grand jury and some
unknown.
Glick’s 317 Steakhouse was closed
by police Tuesday in connection with the investigation.
The defendants will appear before a federal magistrate judge in
the near future.
