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.

In Other News...

Grow Garden Grow - Last Days of Summer

OWENSBORO, Ky. (8/25/14) — Could we already be in the last days of summer? School has started, pools are closing, and… Read More

Owensboro Police Department Activity Reports

OWENSBORO, Ky. (8/25/14) — Owensboro Police Department reported the following recent arrests and citations: Roger Best,… Read More

Most Read This Week (Site-Wide)

August 22, 2014 5418

Two Busted for Meth in Central City

in Top Stories by Martha Clark
August 22, 2014 4079

Business Spotlight - Gypsy Lady Offers…

in Top Stories by Charles W. Riley II, SurfKY News
August 25, 2014 3794

14-Year-Old Suffers Gunshot Wound; Air…

in Top Stories by Ami Clayton, SurfKY News
August 22, 2014 2889

Edge Ice Center Offering weSKATE…

in News by Brittni Bunn
August 25, 2014 2686

Flooded Central City Church's Seven Day…

in Top Stories by Paul McRee, SurfKY News

Most Read Stories from Hopkins County

August 25, 2014 3794

14-Year-Old Suffers Gunshot Wound; Air…

in Top Stories by Ami Clayton, SurfKY News
August 22, 2014 2164

Family: 'We're So Far Away; Need to Say…

in Top Stories by Rita Dukes Smith, SurfKY News Director
August 24, 2014 2153

Two Injured in Two-Vehicle Collision…

in Top Stories by Officer Jeff Miller
August 25, 2014 2023

Two Injured in Two-Vehicle Collision Near…

in Top Stories by Trooper Stu Recke
August 25, 2014 1975

Former Co-Workers Trying to Raise Money…

in Top Stories by Rita Dukes Smith, SurfKY News Director

Most Read Stories from Owensboro

August 22, 2014 2889

Edge Ice Center Offering weSKATE…

in News by Brittni Bunn
August 25, 2014 1925

Daviess County Health Department…

in News by Dennis Beard, SurfKY News
August 25, 2014 1759

44th Mount Saint Joseph Picnic is Sunday,…

in News by Jennifer Kaminski
August 25, 2014 1751

GRADD Seeking Ombudsman Program Volunteers

in News by Woody Maglinger
August 22, 2014 1449

UPDATE - Multi-Agency Drug Investigation…

in Top Stories by Dennis Beard, SurfKY News

Most Read Stories from Muhlenberg County

August 22, 2014 5418

Two Busted for Meth in Central City

in Top Stories by Martha Clark
August 22, 2014 4079

Business Spotlight - Gypsy Lady Offers…

in Top Stories by Charles W. Riley II, SurfKY News
August 25, 2014 2686

Flooded Central City Church's Seven Day…

in Top Stories by Paul McRee, SurfKY News
August 22, 2014 2566

Kentucky 601 in Muhlenberg County…

in Top Stories by Keith Todd
August 25, 2014 2356

Camper Stolen in Utica Recovered in…

in Top Stories by Martha Clark

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 03social 04social 22social 21social 06