Ohio Man Pleads Guilty to Stealing From Elderly
Mark G. Kirchoff of Williamsburg Township pled guilty last Thursday to theft from the elderly and to securities fraud, according to a Nov. 4 article posted on Cincinnati.com. Kirchoff, a licensed insurance agent, was arrested on Sept. 17 and charged with stealing at least $234,000 from individual investors in Ohio, Kentucky and Indiana from 2009 into 2010.
The initial indictment against Kirchoff accused him of using his position as President of G.K. Insurance and Financial to fraudulently solicit investments from elderly people, most of whom were between 65 and 90 years of age. According to authorities, Kirchoff falsely told investors they were purchasing policies, annuities, bonds and certificates of deposit, and deposited their money into his personal bank account instead.
As reported by the article, the prosecutor in the case has stated that the hundreds of thousands of dollars Kirchoff stole from investors is gone. As he was unable to make his $750,000 bail, he will remain in jail until his Nov. 22 sentencing date. He faces a potential 60 ½ years in prison and up to $130,000 in fines.
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The Ohio-based law firm of David P. Meyer & Associates represents clients who have been harmed by investment fraud. Contact us toll-free at 1.866.827.6537 for more information.
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