INDICTMENT 300OWENSBORO, Ky. (6/18/13) – David J. Hale, United States Attorney for the Western

District of Kentucky, today announced the indictment and arrest of an Owensboro man charged with six counts of mail fraud in connection with defrauding over $200,000 from an elderly Daviess County couple.

Robert K. Gray was charged by a federal grand jury meeting in Bowling Green, on June

12 and the seal was lifted yesterday, following Gray’s arrest in Owensboro by the Federal Bureau of Investigation. Gray had an initial appearance on the charges today in United States District Court in Bowling Green, Kentucky, before Magistrate Judge

H. Brent Brennenstuhl, and counsel was appointed to represent him. He is scheduled to be arraigned in United States District Court in Owensboro on June 27 at 10 a.m.

According to the indictment, Gray defrauded the couple by making material misrepresentations about an investment opportunity in the defendant’s construction company, after making home improvements to the couple’s residence in excess of $300,000, an amount that is more than double the assessed value of the property.

Specifically, between January 13, 2010, through August 5, 2010, C.R. paid $338,000 to the defendant Robert Gray and to his brother (not a defendant in the indictment) for renovations to his home which, in 2013, according to the property valuation records kept by the city of Owensboro, was valued at $148,000.

Further, between July 10, 2010 and December 17, 2010, Gray is charged with devising a scheme to defraud C.R. and U.R. of their GE retirement fund in the total amount of

$220,000. Specifically, Gray asked C.R. to invest in his start-up company, Unlimited

Constructors, to fund projects Gray said the company had in Madisonville, Kentucky, investment, when in truth and in fact, Gray knew Unlimited Constructors did not have construction projects for a shopping center in Madisonville, Kentucky, or for any commercial development on Highway 54 in Owensboro.

It was further part of the scheme to defraud that an Unlimited Constructors bank account was opened by defendant Gray at U.S. Bank on September 27, 2010. According to the indictment, none of the funds obtained from C.R. were used in construction projects in Madisonville or Owensboro. According to bank records, the account was solely funded by checks drawn on a retirement fund, made payable to C.R. and U.R.

Gray allegedly used the funds to pay for personal expenses and to purchase vehicles including a 2006 Hummer for $25,000 the day after the account was opened, and, approximately two weeks later, to purchase a 2006 Kawasaki motorcycle for $5,000. If convicted at trial, Gray faces 120 years in prison, a $1,500,000 fine, and a three-year period of supervised release.

This case is being prosecuted by Assistant United States Attorney Marisa Ford and is being investigated by the Federal Bureau of Investigation (FBI).

SurfKY News
Information provided by the Federal Bureau of Investigation Louisville Division

LIKE SurfKY on Facebook - Click here to LIKE us now.

© Copyright 2015 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story on social media.

3/13 - 16
1 DOW 17,826.30
-279.47 (-1.54%)    
2 S&P 2,081.18
-23.81 (-1.13%)    
3 NASDAQ 4,931.81
-75.98 (-1.52%)    
3/13 - 16

Most Read This Week

April 13, 2015 6219

Three Juveniles, Adult Accused of Vandalizing…

by Deputy Will Coursey
April 17, 2015 6074

An Open Letter from an Addict

by Olivia Kirks
April 14, 2015 5088

Several Juveniles Charged in Connection with Fight

by SurfKY News
April 18, 2015 4336

Man Charged with Attempting to Coerce Minor for…

by Madisonville Police Department
April 16, 2015 3403

Crime Stoppers Fugitive of the Week – April 16,…

by Hopkinsville – Christian County Crime Stoppers

Most Read This Month

April 02, 2015 8477

UPDATE: Madisonville Man Injured in Head-on…

by Doreen Dennis, SurfKY News
March 27, 2015 6699

Three Arrested during Execution of Search…

by Madisonville Police Department/Hopkins County Detention Center

Stories Trending Now

April 17, 2015 6074

An Open Letter from an Addict

by Olivia Kirks
April 18, 2015 4336

Man Charged with Attempting to Coerce Minor for…

by Madisonville Police Department
April 18, 2015 1033

MPD Offers Advice On Prom, Underage Drinking

by Lt. Billy Poe
April 18, 2015 798

Market Commentary - April 18, 2015

by Randall L. Franklin
April 19, 2015 588

ATV Ride, Cookout Raises Funds for Shanice Bean…

by Tammy Holloway, SurfKY News
April 18, 2015 533

Home, Garden Show Concludes Today at Ballard…

by Tammy Holloway, SurfKY News
April 18, 2015 488

Happenings and Meetings - Hopkins County

by Amber Averitt, SurfKY News
April 18, 2015 474

Keeping the Faith - 'God Smiles'

by Ronnie McBrayer
April 18, 2015 455

TVA's Regional Energy Resource Council to Meet in…

by Tennessee Valley Authority
April 18, 2015 438

Hooked on Science - Skewer a Balloon

by Jason Lindsey