Western States Land and Development developer convicted in federal court | SkyHiNews.com

Western States Land and Development developer convicted in federal court

Developer Ken Moore of Western States Land and Development, who launched the development Eagle Ridge in Granby, is awaiting federal sentencing on multiple convictions for conspiracy, wire fraud and money laundering, according to statements released from the U.S. Attorneys Office in San Diego.A federal jury convicted Moore in May of one count of conspiracy to commit wire fraud, 11 counts of wire fraud, one count of conspiracy to commit money laundering, 22 counts of money laundering and one count of tax evasion. Moore is scheduled to appear for sentencing at 9 a.m. on Sept. 15 before U.S. District Judge Thomas Whelan. The evidence at the trial established that Moore intentionally conspired with other persons to obtain money from members of the public through false promises of guaranteed returns from an insurance trust worth $1.6 million, according to Assistant U.S Attorneys Jason Forge and Stacey Sullivan, who prosecuted the case.Mr. Moore exploited the trust of many investors for many years and lived a lavish lifestyle with the money he siphoned from fellow churchgoers, friends and family, said Debra King, Special Agent in Charge, IRS Criminal Investigation, Los Angeles.Moore is the last of 18 defendants to be convicted of the scheme. The trial found that he and co-conspirators often gained the trust of victims by recruiting them through churches and claiming that much of the schemes profits would go to religious and charitable purposes. The jury found, however, that there was no insurance trust and Moore and others spent all the investor cash, about $20 million, on themselves.In January 2008, John Harrell, the leader and organizer of the fraudulent enterprise, was sentenced to serve 25 years in custody and a three-year term of supervised release, to forfeit $2.4 million and pay $40.5 million-plus in restitution to more than 50 victims.These individuals preyed on the victims generosity and religious faith, said FBI Special Agent in Charge Keith Slotter.Western States The Village at Eagle Ridge is a proposed 12-acre, 110-unit townhome development in Grand Elk near City Market, Granby.Construction manager Dave Kendall of M&G Construction of Cave Creek, Ariz., one of Moores businesses, testified at the trial on behalf of Moore, according to Sullivan.Kendall is also Western States chief operating officer.

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.