An Owensboro man has been arrested and charged with six counts of mail fraud in connection with defrauding more than $200,000 from an elderly Daviess County couple.
He allegedly used that money to purchase personal items, including a Hummer and a motorcycle.
According to the indictment, Robert K. Gray first deceived the couple by making material representations about an investment opportunity in his construction company, after making more than $300,000 worth in home improvements to the couple's residence, which is an amount that is more than double the assessed value of the property.
Between January 13, 2010, through August 5, 2010, Gray received a total of $338,000 from the couple to make renovations to their home, which was valued at $148,000 in 2013, according to Owensboro property valuation records.
Gray is also being charged with developing a scheme to con the couple out of their GE retirement fund in the total amount of $220,000.
From July 10, 2010, to December 17, 2010, Gray asked the couple to invest in his start-up company, Unlimited Constructors, to fund projects he said the company had in Madisonville, Kentucky, and on Highway 54 in Owensboro.
The couple was promised a substantial return on the investment, but Unlimited Constructors did not have construction projects planned in Madisonville, Kentucky, or for any commercial development on Highway 54 in Owensboro.
Gray opened an Unlimited Constructors bank account at U.S. Bank on September 27, 2010, and according to the indictment, none of the money was 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 the couple.
Gray allegedly used the funds to pay for personal expenses and to purchase vehicles, including a 2006 Hummer for $25,000 the day after he opened the account, and a 2006 Kawasaki motorcycle for $5,000 approximately two weeks later.
The federal grand jury charged Gray in Bowling Green, Ky., on June 12, and after he was arrested in Owensboro on June 17, the Federal Bureau of Investigation lifted the seal on the case.
Gray had an initial appearance on the charges on June 17 in United States District Court in Bowling Green, Ky., before Magistrate Judge H. Brent Brennenstuhl.
Counsel was appointed to represent him.
He is scheduled to be called to court to answer the indictment in United States District Court in Owensboro on June 27, 2013, at 10:00 a.m. CST.
If convicted at trial, Gray faces 120 years in prison, a $1,5000,000 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).
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