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Archive for Monday, May 10, 2010

Man pleads guilty to raiding mom’s trust fund

May 10, 2010

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— A St. Marys man has pleaded guilty to stealing more than a half-million dollars from his mother's trust fund.

U.S. Attorney Lanny Welch said in a news release that 52-year-old Kent Joseph Gockel pleaded guilty Monday to 11 counts of bank fraud.

Gockel's father had established two living trusts for his wife and children before his death in 2002.

Prosecutors say that Gockel nearly emptied the accounts without his mother's knowledge by writing checks to himself or wiring money to other accounts. Gockel stole a total of $584,688.

He will be sentenced Aug. 16. He faces a maximum penalty of 30 years and a fine up to $1 million on each count.

Comments

KEITHMILES05 4 years, 7 months ago

Throw him in prison for a very long time.

Ron Holzwarth 4 years, 7 months ago

He's not going to be able to pay the fine because I bet he already spent the money on kinkerlitzchen, and locking him up for a very long time will cost the taxpayers a lot of money, something like $45,000 a year from a quick wiki lookup.

This is an everybody loses situation. Except for the marketers of kinkerlitzchen.

Ron Holzwarth 4 years, 7 months ago

German To English - Kinkerlitzchen (das) n. odds and ends, bits and pieces, leftovers, useless trinkets; triviality, unimportant matter; monkey business, dubious activities

BigPrune 4 years, 7 months ago

If he would've killed her, he could've been looking at a shorter sentence, but since there is money involved......

BigPrune 4 years, 7 months ago

A democratic party tactic like during the past election was to sabotage their own area campaign headquarters to make some news and try to make the other guy look bad....since Phelps is a democrat, I wonder if he is following the example of his party?

BigPrune 4 years, 7 months ago

It mysteriously posted to the wrong article. It should've posted to an article about Phelps.

emptymind 4 years, 7 months ago

He will end up dying in prison and wishing he'd not taken such a dark road. Guarenteed!

Danielle Brunin 4 years, 7 months ago

What the story doesn't mention is that the grocery store mysteriously burned down a couple of years ago under his ownership.

OldEnuf2BYurDad 4 years, 7 months ago

Actually, that's the normal pattern. In families where there is massive wealth, 90% of the wealth is lost within two generations. Carnegies, Mellons, Vanderbuilts, etc.

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