Pick Your Community: | Hopkins | Muhlenberg | Daviess | Christian | Fayette | Henderson | Lakes | McCracken | Warren | Webster

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.

Most Read This Week (Site-Wide)

July 28, 2014 3365

Madisonville Woman Arrested for Being a…

in Top Stories by Madisonville Police Department
July 30, 2014 3119

Three Arrested in Muhlenberg as Part of…

in Top Stories by GPD Officer Wes Miller
July 30, 2014 3115

UPDATE: Waide Responds to Allegations of…

in Top Stories by Rita Dukes Smith, SurfKY News Director
July 28, 2014 2959

Madisonville Man Arrested for Endangering…

in Top Stories by Madisonville Police Department
July 28, 2014 2488

Disagreement Over Killing Snake in House…

in Top Stories by Madisonville Police Department

Most Read Stories from Hopkins County

July 28, 2014 3365

Madisonville Woman Arrested for Being a…

in Top Stories by Madisonville Police Department
July 28, 2014 2959

Madisonville Man Arrested for Endangering…

in Top Stories by Madisonville Police Department
July 28, 2014 2488

Disagreement Over Killing Snake in House…

in Top Stories by Madisonville Police Department
July 28, 2014 1701

Two Injured in Vehicle Collision on…

in Top Stories by William Roundtree
July 28, 2014 1699

Madisonville Man Arrested for Assault,…

in Top Stories by Madisonville Police Department

Most Read Stories from Owensboro

July 28, 2014 1156

Zuberer Takes Over at Quarterback for…

in News by Steve LeMaster
July 28, 2014 1020

Dont Miss Out on a Howl of a Good Time

in News by Brittni Bunn
July 28, 2014 895

Instant Admissions Day is Aug. 1, 2014

in News by Bernie Hale
July 29, 2014 708

Happenings and Meetings - Daviess County

in News by Owensboro-Daviess County Convention & Visitors Bureau
July 28, 2014 439

Prosecutors Mull Over Whether to Charge…

in Top Stories by Dennis Beard, SurfKY News

Most Read Stories from Muhlenberg County

July 30, 2014 3119

Three Arrested in Muhlenberg as Part of…

in Top Stories by GPD Officer Wes Miller
July 30, 2014 2148

UPDATE: Muhlenberg Man, Woman Arrested in…

in Top Stories by Sheriff Curtis McGehee
July 28, 2014 1414

Foot Pursuit Ends with Arrest

in Top Stories by Christopher Rogers
July 29, 2014 1328

Muhlenberg District Court Fines Handed…

in Top Stories by Charles W. Riley II, SurfKY News
July 28, 2014 1316

Boys of Broad to Launch Video at Cinema 4

in Top Stories by Paul McRee, 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