Saturday, October 23, 2010
Kentucky Attorney Convicted In Real Estate Scheme
KENTUCKY...
Prosecutors say a jury in Tennessee has convicted a former Kentucky attorney and a Hopkinsville businesswoman in a real estate investment scheme.
U.S. Attorney Jerry E. Martin said in a statement that 66-year-old Kenneth Kennedy, who is a former elected attorney for Trigg County in Cadiz, Ky., was found guilty of three counts of wire fraud and five counts of mail fraud on Wednesday.
Ann Scarborough, of Hopkinsville, was found guilty of seven counts of wire fraud and one count of money laundering.
Prosecutors said victims were told of projects involving strip malls in Las Vegas, a Disney theme park in Middle Tennessee and new land for the Bonnaroo music festival. Investors were promised five or more times their money in just a few months, but prosecutors said the real estate deals never existed.
Prosecutors say a jury in Tennessee has convicted a former Kentucky attorney and a Hopkinsville businesswoman in a real estate investment scheme.
U.S. Attorney Jerry E. Martin said in a statement that 66-year-old Kenneth Kennedy, who is a former elected attorney for Trigg County in Cadiz, Ky., was found guilty of three counts of wire fraud and five counts of mail fraud on Wednesday.
Ann Scarborough, of Hopkinsville, was found guilty of seven counts of wire fraud and one count of money laundering.
Prosecutors said victims were told of projects involving strip malls in Las Vegas, a Disney theme park in Middle Tennessee and new land for the Bonnaroo music festival. Investors were promised five or more times their money in just a few months, but prosecutors said the real estate deals never existed.
# posted by Homer Owens @ 7:17 PM 
