Real estate developer sentenced for fraud

The Associated Press






ST. LOUIS | A suburban St. Louis real estate developer has been sentenced to more than two years in prison and ordered to pay $700,000 in restitution for a fraud scheme that also included his father.

The sentence for 30-year-old Brian Rickert of Creve Coeur was handed down in U.S. District Court on Monday.

The U.S. Attorney's office says the scheme took place in 2006 and 2007. Authorities say Rickert and his father, Gary, fraudulently obtained financing for several high-end homes in Ladue and Town & Country that they intended to rehab.

The men submitted fraudulent loan applications that included phony tax returns and profit-loss statements.

Gary Rickert will be sentenced on May 13.



Read more: http://www.kansascity.com/2010/04/12/1872907/real-estate-developer-sentenced.html#ixzz0kynz7Z2G

 

It is also very interesting that the local Saint Louis Newspapers failed to report this story!

 

the Painter

 
Posted by Sonny Landau on 04/13/2010 06:46 AM   Comments (3)   fraud, restitution, st louis, ladue  
Generate short URL

3 Comments on It pays to be cautious of whom you do business with!

APR
13
2010

Caveat emptor! It's always better to know who you're working with!
6:49am • #1

Hopefully more of these people will be accountable for their actions.
6:50am • #2
565,458 Points 6 Featured Posts Outside Blog Attended Rain Camp

Caveat Emptor indeed.  But, even the most cautious person can get duped sometimes. 
6:51am • #3


What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 
Img_0042 Rainmaker_large

Sonny Landau

Saint Louis, MO

More about me…

St Louis Home Improvement and Painting Companies

Address: St Louis, MO

Cell Phone: (314) 520-4440

Email Me

Experienced Quality Painting Contractor Offers Painting Advice and Tips!


Listings

Links

Archives

RSS 2.0 Feed for this blog