A Milwaukee real estate mogul hid more than $7 million in assets by using a series of shell companies to evade creditors, a federal grand jury said in a 16-count indictment.

Todd Brunner and his son Shawn face charges of bank and bankruptcy fraud after investigators revealed millions in real estate property, bank accounts, cars and even powerboats were shifted to Shawn and a network of shell companies, the Milwaukee Journal-Sentinel reported.