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Sunday, August 9, 2015

Arizona developer, family plead guilty to 20 years of fraud

A Mohave County developer has admitted using other people's money to fund a lavish lifestyle as an international jet-setter and multimillionaire — and then filing a fake bankruptcy to try to get away with it.

John Hoover, owner of the El Rio Country Club and Golf Course in Mohave Valley, bought million-dollar homes in Arizona, Newport Beach and Paris. Records show he also owned a $150,000 Bentley, expensive artwork and jewelry and sent his daughter to a French school.

Read more... http://www.azcentral.com/story/money/business/2015/08/05/arizona-developer-john-hoover-guilty-plea-fraud/31135127/

Reuters: Business News

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