Pick Your Community: | Hopkins | Muhlenberg | Daviess | Christian | Henderson | Lakes | McCracken | Webster
Davis Motor Sales banner ad
Impressions pre-reset: 420826 Clicks pre-reset: 872

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
3/13 - 16
2/6/2014 - posted
3/13 - 16
Started 11/8/2013
Started 11/8/2013
button coupons
2/6/2014 - posted
3/13 - 16
Started 11/8/2013
Started 11/8/2013
2/6/2014 - posted
3/13 - 16
Started 11/8/2013
Started 11/8/2013
button classifieds
2/6/2014 - posted
3/13 - 16
Started 11/8/2013
Started 11/8/2013

Most Read This Week

November 21, 2014 6654

Man Accused of Assaulting Coach During Basketball…

in Local (Muhlenberg) Top News by Rita Dukes Smith, SurfKY News Director
November 22, 2014 4335

One Injured in Two Vehicle Collision in Greenville

in Local (Muhlenberg) Top News by Miria Thomas
November 21, 2014 4062

Crashing Dump Trucks in Work Zone Cause Pennyrile…

in Top News For All Sites Touching Hopkins by Trooper Stu Recke
November 19, 2014 4019

Is Bankruptcy Your Best Option?

in General News For All Sites by SurfKY News
November 19, 2014 3776

Two Killed When Vehicle Becomes Airborne, Strikes…

in Local (Owensboro) Top News by Daviess County Sheriff's Office
November 21, 2014 3323

Muhlenberg District Court Fines Handed Down

in Local (Muhlenberg) Top News by Charles W. Riley II, SurfKY News
November 19, 2014 3223

Three Injured in Two-Vehicle Collision on South…

in Local (Hopkins) Top News by Gwen Smith
November 21, 2014 3109

Madisonville Police Arrest Reports - Nov. 21, 2014

in Hopkins News by Madisonville Police Department
November 21, 2014 2700

Swimming and Diving Closes Fall Season at Ohio…

in General Sports For All Sites by UK Athletics
November 20, 2014 2539

Local Church Prepares for 'Return to Bethlehem'

in Video by Gary Gates, SurfKY News

Stories Trending Today

November 24, 2014 2445

Two Charged for Possession of Meth After…

in Local (Muhlenberg) Top News by MCSO/PIO Alex Piper
November 24, 2014 2242

Madisonville Police Charge Woman with Terroristic…

in Local (Hopkins) Top News by Madisonville Police Department
November 25, 2014 1940

Madisonville Man Charged for Selling Cocaine

in Local (Hopkins) Top News by Madisonville Police Department
November 24, 2014 1708

Hopkins County Sheriff's Reports Released

in Hopkins News by Sheila Hopper
November 25, 2014 1659

Call for Help Results in Arrest for Possession of…

in Local (Hopkins) Top News by Madisonville Police Department
November 24, 2014 1639

Madisonville Police Arrest Reports - Nov. 24, 2014

in Hopkins News by Madisonville Police Department
November 24, 2014 1458

Mustang Bass Team Chosen for Next Season

in Local (Muhlenberg) Top News by Paul McRee, SurfKY News
November 24, 2014 1433

Salon G in Business of Making Women Beautiful for…

in Local (Muhlenberg) Top News by Charles W. Riley II, SurfKY News
November 24, 2014 1284

Dawson Springs Police Reports Released

in Hopkins News by Melissa Heflin
November 24, 2014 1193

Santa and Mrs. Claus Coming to Thistle Cottage

in Local (Muhlenberg) Top News by Paul McRee, SurfKY News

SurfKY News Group, Inc.
Corporate Office & Studio
1125 Nebo Rd.  •  Madisonville, KY 42431
270.452.2727 (phone)
  •  270.452.2249 (fax)


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

social fbsocial twsocial yt
social gpsocial flrsocial rss