Pick Your Community: | Hopkins | Muhlenberg | Daviess | Christian | Fayette | Henderson | Lakes | McCracken | Warren | Webster
Davis Motor Sales banner ad

Owensboro Man Indicted on Charges of Defrauding Elderly Couple

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

© Copyright 2014 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 by using one of the social media links below.

Posted on 2/2/14
Genovese - http://www.mchky.org/staff/bio.php?doc_id=35646&sub= Lewis - http://www.mchky.org/getpage.php?name=bracken_lewis Holt - http://www.mchky.org/getpage.php?name=drholt Napier - http://www.mchky.org/getpage.php?name=dr.napier_page Newman - http://www.mchky.org/staff/bio.php?doc_id=50353
Genovese - http://www.mchky.org/staff/bio.php?doc_id=35646&sub= Lewis - http://www.mchky.org/getpage.php?name=bracken_lewis Holt - http://www.mchky.org/getpage.php?name=drholt Napier - http://www.mchky.org/getpage.php?name=dr.napier_page Newman - http://www.mchky.org/staff/bio.php?doc_id=50353
3/12 - 718 switched from reg 2 to hopkins only
Posted on 1/31/2014
2/6/2014 - posted
3/13 - 16
Started 11/8/2013
Started 11/8/2013

Stock Report

1 DOW 17,079.12
+135.31 (0.80%)    
2 S&P 1,978.66
+11.09 (0.56%)    
3 NASDAQ 4,446.68
+31.19 (0.71%)    
Genovese - http://www.mchky.org/staff/bio.php?doc_id=35646&sub= Lewis - http://www.mchky.org/getpage.php?name=bracken_lewis Holt - http://www.mchky.org/getpage.php?name=drholt Napier - http://www.mchky.org/getpage.php?name=dr.napier_page Newman - http://www.mchky.org/staff/bio.php?doc_id=50353
Genovese - http://www.mchky.org/staff/bio.php?doc_id=35646&sub= Lewis - http://www.mchky.org/getpage.php?name=bracken_lewis Holt - http://www.mchky.org/getpage.php?name=drholt Napier - http://www.mchky.org/getpage.php?name=dr.napier_page Newman - http://www.mchky.org/staff/bio.php?doc_id=50353
3/12 - 718 switched from reg 2 to hopkins only
Posted on 1/31/2014
2/6/2014 - posted
3/13 - 16
Started 11/8/2013
Started 11/8/2013
Genovese - http://www.mchky.org/staff/bio.php?doc_id=35646&sub= Lewis - http://www.mchky.org/getpage.php?name=bracken_lewis Holt - http://www.mchky.org/getpage.php?name=drholt Napier - http://www.mchky.org/getpage.php?name=dr.napier_page Newman - http://www.mchky.org/staff/bio.php?doc_id=50353
Genovese - http://www.mchky.org/staff/bio.php?doc_id=35646&sub= Lewis - http://www.mchky.org/getpage.php?name=bracken_lewis Holt - http://www.mchky.org/getpage.php?name=drholt Napier - http://www.mchky.org/getpage.php?name=dr.napier_page Newman - http://www.mchky.org/staff/bio.php?doc_id=50353
3/12 - 718 switched from reg 2 to hopkins only
Posted on 1/31/2014
2/6/2014 - posted
3/13 - 16
Started 11/8/2013
Started 11/8/2013
Genovese - http://www.mchky.org/staff/bio.php?doc_id=35646&sub= Lewis - http://www.mchky.org/getpage.php?name=bracken_lewis Holt - http://www.mchky.org/getpage.php?name=drholt Napier - http://www.mchky.org/getpage.php?name=dr.napier_page Newman - http://www.mchky.org/staff/bio.php?doc_id=50353
Genovese - http://www.mchky.org/staff/bio.php?doc_id=35646&sub= Lewis - http://www.mchky.org/getpage.php?name=bracken_lewis Holt - http://www.mchky.org/getpage.php?name=drholt Napier - http://www.mchky.org/getpage.php?name=dr.napier_page Newman - http://www.mchky.org/staff/bio.php?doc_id=50353
3/12 - 718 switched from reg 2 to hopkins only
Posted on 1/31/2014
2/6/2014 - posted
3/13 - 16
Started 11/8/2013
Started 11/8/2013

Most Read This Week (Site-Wide)

July 14, 2014 11955

UPDATE: Woman Charged in Central City…

in Top Stories by Charles W. Riley II, SurfKY News
July 11, 2014 6002

Madisonville Kmart to Close in October

in Top Stories by Ami Clayton, SurfKY News
July 11, 2014 4243

Hopkins County Health Department Food…

in News by Lisa Miller
July 11, 2014 2783

Local Man Dies After Bike Collides With…

in Top Stories by Robert D. Littlepage
July 11, 2014 2143

Hopkins County Grand Jury Indictments

in News by Karen McKnight

Most Read Stories from Hopkins County

July 11, 2014 6002

Madisonville Kmart to Close in October

in Top Stories by Ami Clayton, SurfKY News
July 11, 2014 2783

Local Man Dies After Bike Collides With…

in Top Stories by Robert D. Littlepage
July 10, 2014 1844

UPDATED: MFD Battles Blaze on South…

in Top Stories by Rita Dukes Smith, SurfKY News Director
July 11, 2014 1704

White Plains Man Arrested for Sodomy

in Top Stories by Hopkins County Sheriff’s Office
July 10, 2014 1496

Single Vehicle Injury Collision on US 62

in Top Stories by Trooper S. C. Recke

Most Read Stories from Owensboro

July 11, 2014 1086

Owensboro Police Department Reports…

in News by Dennis Beard, SurfKY News
July 10, 2014 995

Daviess County Traffic Advisory

in News by Keith Todd
July 11, 2014 805

President Obama Awards Brescia University…

in News by Tina Kasey
July 11, 2014 691

Portion of Spring Bank Drive Closed July…

in News by Beth Cecil
July 11, 2014 675

Portion of Southeastern Parkway Closed…

in News by Beth Cecil

Most Read Stories from Muhlenberg County

July 14, 2014 11955

UPDATE: Woman Charged in Central City…

in Top Stories by Charles W. Riley II, SurfKY News
July 11, 2014 1726

Muhlenberg District Court Fines Handed…

in Top Stories by Charles W. Riley II, SurfKY News
July 12, 2014 1081

July Chamber Meeting

in Top Stories by Charles W. Riley II, SurfKY News

SurfKY News Group, Inc. Central Office & Printing Division
1125 Nebo Rd.  •  Madisonville, KY 42431  •  270.452.2249 (fax)
Main Number: 270.452.2727 (phone)  •  Printing Division Direct Line: 270.821.8600 (phone)

SurfKY Owensboro News Bureau
920 Frederica St. / Suite 210  •  Owensboro, KY 42301  •  270.683-8060 (phone)


Contact a member of our staff: www.surfky.com/contact
Copyright © 2014 SurfKY News Group, Inc.  •  Terms of Use  •  Site Map

social 06social 21social 22social 04social 03