An 80-year-old Honolulu man accused of swindling a woman out of more than $200,000 was indicted this week by a federal grand jury on five counts of fraud.

Winfred H. Wong was indicted Thursday on two counts of mail fraud and three counts of loan fraud. Wong, who was charged in a criminal complaint filed on Feb. 17, has been ordered held without bail.

Wong is charged with defrauding an acquaintance, Maria Ching, of more than $200,000 by falsely promising large short-term interest earnings on loans to borrowers in China. Ching sent Wong $50,000 on June 30, 2007, and another $150,000 on Jan. 29, 2008, but rather that invest the money, Wong used it for his own purposes, according to the indictment.

In addition, Wong is accused of filing false statements to Bank of Hawaii and American Savings Bank.

At a bail hearing held last week, federal prosecutors said Wong may have swindled as many as a dozen local investors of more than $3.5 million. Prosecutors also argued that Wong be held without bail because he uses two Social Security numbers and has at least two different passports.