KC Business Owner Pleads Guilty to $100,000 Fraud Scheme
KANSAS CITY, Mo. – Tammy Dickinson, United States Attorney for the Western District of Missouri, announced that the owner of a Kansas City, Mo., business pleaded guilty in federal court today to a wire fraud scheme in which he stole $100,000 from a retiree investor.
Gregory T. Evans, 59, of Kansas City, Mo., pleaded guilty before U.S. District Judge Howard F. Sachs to the charge contained in an Aug. 26, 2015, federal indictment.
Evans is co-owner of Regal Homes, LLC. Evans was introduced to the victim in 2012, when he portrayed a desire to help her to assist impoverished neighborhoods by renovating homes for those in need.
By pleading guilty today, Evans admitted that he offered the victim a chance to invest in a securities deal with a bank in Thailand in 2012. Evans claimed that he had personally invested $500,000 with the company, Elna Enterprise for Aguma Investment/Trust, and was involved in the proposed securities deal. The victim investor authorized two $50,000 wire transfers to Regal Homes but she never received any money from the investment.
Evans must forfeit $100,000, which was derived from the proceeds of the offense, to the government.
Under federal statutes, Evans is subject to a sentence of up to 20 years in federal prison without parole, plus a fine up to $250,000 and an order of restitution. A sentencing hearing will be scheduled after the completion of a presentence investigation by the United States Probation Office.
This case is being prosecuted by Assistant U.S. Attorney Kathleen D. Mahoney. It was investigated by the FBI.