Post by Logan on Jan 27, 2016 21:07:33 GMT -6
KINGMAN, Ariz. — An Irvine, California, man who swindled millions of dollars from hundreds of investors in projects that were mostly located in and around Mohave Valley and Bullhead City in northwest Arizona has been sentenced to 10 years in prison.
John Keith Hoover, 64, was sentenced in Phoenix on Tuesday by U.S. District Judge Susan R. Bolton.
Hoover pleaded guilty in August to 10 counts of wire fraud and one count of conspiracy to commit bankruptcy fraud. Hoover's wife, Deborah, 64, and their son John Brandon Hoover pleaded guilty to bankruptcy fraud.
Sentencing memos indicated that John Keith Hoover poured millions of dollars from investors into El Rio Golf and Country Club in Mohave Valley and other residential and commercial projects in northwest Arizona that succumbed to the collapse of the housing market.
Read more: www.reviewjournal.com/news/man-gets-10-years-investment-fraud-scheme
John Keith Hoover, 64, was sentenced in Phoenix on Tuesday by U.S. District Judge Susan R. Bolton.
Hoover pleaded guilty in August to 10 counts of wire fraud and one count of conspiracy to commit bankruptcy fraud. Hoover's wife, Deborah, 64, and their son John Brandon Hoover pleaded guilty to bankruptcy fraud.
Sentencing memos indicated that John Keith Hoover poured millions of dollars from investors into El Rio Golf and Country Club in Mohave Valley and other residential and commercial projects in northwest Arizona that succumbed to the collapse of the housing market.
Read more: www.reviewjournal.com/news/man-gets-10-years-investment-fraud-scheme