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

e-max.it: your social media marketing partner

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.

Posted on 2/2/14
3/13 - 16
3/13 - 16

Most Read This Week

May 30, 2015 7240

Study of Virus Attack on Cancer Sees Success

by Julie Heflin
May 28, 2015 6580

Four Charged with Burglary for Entering Elderly…

by SurfKY News
May 28, 2015 2787

Greenville Man Charged with Rockport Robbery,…

by SurfKY News
May 29, 2015 2424

Hopkins County Grand Jury Indictments

by SurfKY News
May 29, 2015 2410

KSP Seeks Public Help in Locating Wanted Man

by SurfKY News

Most Read This Month

May 15, 2015 11351

New Madisonville Business In Full Operation Soon

by Tammy Holloway, SurfKY News
May 23, 2015 9506

Missing 5-Year-Old Boy Found

by Doreen Dennis, SurfKY News

Stories Trending Now

June 02, 2015 1468

Woman Charged with Falsely Reporting Kidnapping

by SurfKY News
June 02, 2015 1440

Two Muhlenberg Women Injured in Collision

by SurfKY News
June 02, 2015 1376

Traffic Signal at Intersection in Downtown…

by Keith Todd
June 02, 2015 1211

Juveniles Accused of Falsely Reporting Masked…

by Rita Dukes Smith, SurfKY News Director
June 01, 2015 1142

Human Relations Coordinator Identifies Possible…

by Tammy Holloway, SurfKY News
June 02, 2015 1126

Hopkins County Misdemeanor Indictments

by SurfKY News
June 02, 2015 947

Pennyrile Soap Box Derby Hosts 34 Competitors

by Tammy Holloway, SurfKY News
June 02, 2015 814

Madisonville Police Arrest Reports Released -…

by SurfKY News
June 02, 2015 694

South Main Accident Slows Northbound Traffic

by Doreen Dennis, SurfKY News
June 01, 2015 529

Community Breaks Ground for First United Bank…

by Doreen Dennis, SurfKY News