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.

In Other News...

Cadiz Police Arrest Report - March 31, 2015

CADIZ, Ky. (3/31/15) — The Cadiz Police Department released the following report. Officer Aaron Acree arrested William… Read More

BMS Eighth Grader Advances to National History Bee Finals

BENTON, Ky. (3/30/15) — Benton Middle School eighth grader, Brady Guess competed in the Regional History Bee… Read More

Most Read This Week

March 27, 2015 6041

Three Arrested during Execution of Search…

by Madisonville Police Department/Hopkins County Detention Center
March 25, 2015 5530

Fazoli's, Roses Coming to Madisonville

by Amber Averitt, SurfKY News
March 24, 2015 5238

One Dies, Another Injured in Mortons Gap Traffic…

by Deputy Heath Owens
March 25, 2015 5182

Grand Jury Finds No Criminal Wrongdoing in Bean…

by Doreen Dennis, SurfKY News
March 30, 2015 4694

Man Charged with Child Abuse After Allegedly…

by Madisonville Police Department
March 24, 2015 4331

UPDATE: One Injured in Hopkinsville Road Accident

by Doreen Dennis, SurfKY News

Most Read This Month

March 09, 2015 14108

Multi-Agency Drug Bust Results in $1 Million Meth…

by KSP DESI
March 02, 2015 11688

Madisonville Teen Faces Numerous Drug Charges

by Madisonville Police Department/Hopkins County Detention Center

Stories Trending Today

March 30, 2015 4694

Man Charged with Child Abuse After Allegedly…

by Madisonville Police Department
March 30, 2015 2623

Man Charged for Selling Drugs from Red Cardinal…

by Madisonville Police Department
March 30, 2015 2608

Juvenile Arrested for Cruelty to Animals

by Hopkins County Sheriff's Office
March 30, 2015 2537

Two Charged in Bremen Meth Bust

by Sheriff Curtis McGehee
March 30, 2015 2318

Report of Suspicious Man Ends with PI, Meth…

by Madisonville Police Department
March 31, 2015 1569

Man Charged for Driving While under Influence of…

by Madisonville Police Department
March 29, 2015 1491

Huge Turnout Joins to Support Shanice Bean Family

by Tammy Holloway, SurfKY News
March 30, 2015 1430

Madisonville Police Arrest Reports - March 30,…

by Madisonville Police Department
March 31, 2015 1130

Happenings and Meetings - Hopkins County

by Amber Averitt, SurfKY News
March 30, 2015 1114

Hopkins County Sheriff's Arrest Reports

by Hopkins County Sheriff's Office