Grand Rapids, Michigan - November 17, 2006 - United States Attorney Margaret M. Chiara announced today that Jonathan James Mast and David Martin Roepke, two former employees of CyberNET, have been charged in federal district court in Grand Rapids. Mast, age 37, was the Vice President of Sales at CyberNET between 2002 and 2004. He is charged with engaging in a criminal conspiracy with others at CyberNET to commit bank fraud, mail fraud, and money laundering, in violation of Title 18 United States Code, Section 371. This charge carries a maximum penalty of five years in prison, plus fines and other penalties. Roepke, age 62, was the Controller at CyberNET. He is charged with one count of money laundering in violation of 18 U.S.C. § 1956. This offense carries a maximum penalty of 20 year in prison, plus fines and other penalties.

Mast is scheduled to appear before Magistrate Judge Joseph G. Scoville at 11 am on Friday, November 17, 2006 for an arraignment on the charge against him. Roepke is scheduled before Magistrate Judge Hugh W. Brenneman at 10:30 on Tuesday, November 21, 2006 for an arraignment on the charge facing him.

CyberNET was a company located and operating in Grand Rapids, Michigan, between 1992 and November 2004. The company collapsed after federal investigators executed search warrants at CyberNET headquarters on November 17, 2004.

The investigation of CyberNET is being conducted by criminal investigators assigned to the Grand Rapids office of the Internal Revenue Service, the Federal Bureau of Investigation, and the United States Postal Inspection Service. The case is being prosecuted on behalf of the United States of America by Assistant United States Attorney Timothy P. VerHey.

The charges against Mast and Roepke are merely allegations and they are presumed innocent unless and until they are proved guilty in a court of law.