Police raid major Youngstown developer’s home, business

Police raided the home of Dominic Marchionda, CEO of NYO Property Group

POLAND, Ohio (WYTV) – Police and Mahoning County Sheriff’s deputies raided the house of Dominic Marchionda, the CEO of NYO Property Group.

Investigators also searched NYO Property Group’s office in the First National Bank building in downtown Youngstown. They collected several boxes of financial records. Investigators were at Marchionda’s Poland home on Via Atillio at the same time, acting on a search warrant.

The company owns several buildings in downtown Youngstown, including Erie Terminal Place, the Flats at Wick and Realty Tower. NYO Property Group is also working to renovate the historic Stambaugh Building to turn it into a hotel.

It is unknown at this time what police are looking for, but the Ohio Attorney General and Auditor of State confirmed that they are assisting in the investigation. They would not comment on the ongoing investigation.

WYTV is working to get more information on the police activity. Check back here for more information on this developing story, and watch 33 WYTV News, starting at 6 p.m.