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“CITIZEN OF THE YEAR” WAS JUST LOW-DOWN FRAUD: GETS 14 YEAR PRISON SENTENCE

By   /   July 4, 2015  /   No Comments

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July-04-Kelly-Gearhart2A former California real estate developer, and one-time “Citizen of the Year,” was sentenced to 14 years in prison for bilking hundreds of investors out of millions of dollars.  Kelly Gearhart, 53, of Atascadaro, in Central California, was sentenced in a federal court after pleading guilty last year to wire fraud and money laundering charges.

Many of his investors were elderly, who invested life savings with the cold-hearted Ponzi-scheming Gerhart.

 

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