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Date: 07-11-2019
Case Style:
United States of America v. Neil Kauhi and Lyndie Kauhi
Case Number: 1:18-cr-00101-HG
Judge: Helen Gillmor
Court: United States District Court for the District of Hawaii (Honolulu County)
Plaintiff's Attorney: Rebecca A. Perlmutter
Defendant's Attorney: Richard D. Gronna for Neil Kauhi
Barry D. Edwards for Lyndie Kauhi
Description:
Honolulu, HI - Husband and Wife Plead Guilty To Involvement In Multi-Million Dollar Investment Fraud Scheme Based in Hawaii
Neil Kauhi, 51, pleaded guilty to one count of wire fraud. Kauhi faces a maximum term of imprisonment of 20 years. His wife, Lyndie Kauhi, 49, pleaded guilty to one count of misprision of a felony. She faces a maximum term of imprisonment of three years.
Between October 2012 and April 2018, Neil Kauhi executed an investment fraud scheme involving over 20 victims. Neil Kauhi took in more than $2.5 million by promising these victims that their money would be invested in precious metals, real estate, a trucking company, and a solar energy company. Instead of directing the victims’ funds into the promised investments, Kauhi diverted most of the money to his and his family’s own personal use, such as expenditures on travel, rent and utilities, restaurants, vehicles, retail purchases, entertainment, and a daughter's wedding, as well as into other unauthorized investments.
According to court documents, Lyndie Kauhi knew about her husband’s investment fraud scheme, but she did not report it to federal authorities. Instead, Lyndie Kauhi took steps to conceal the fraud scheme, by among other things, depositing and transferring victims’ funds into the Kauhi’s personal bank accounts. When interviewed on November 8, 2017 by agents of the Federal Bureau of Investigation (FBI), Lyndie Kauhi made misleading statements and material omissions about the fraud scheme.
As part of their plea agreement, both Lyndie and Neil Kauhi have agreed to pay restitution for the fraud losses to victims. Neil Kauhi has also agreed to a forfeiture money judgment of $2,981,191.64. Federal authorities have already seized approximately $581,618.51 in funds in connection with the sale of real property associated with Neil Kauhi.
The case was investigated by the FBI.
Charges:
Neil:
18:1343.F WIRE FRAUD
(1-3)
18:1343.F FRAUD BY WIRE, RADIO, OR TELEVISION
(1s-15s)
18:1343.F FRAUD BY WIRE, RADIO, OR TELEVISION
(16s)
18:1343.F FRAUD BY WIRE, RADIO, OR TELEVISION
(17s-19s)
18:1341.F FRAUDS AND SWINDLES, MAIL FRAUD, 18:1341
(20s)
18:1512B.F INTIMIDATION OR FORCE AGAINST WITNESS, Obstruction of Justice, 18:1512(b)(3)
(21s)
18:1957-7430.F ENGAGING IN MONETARY TRANSACTIONS, Money Laundering, 18:1957, 18:2
(22s-25s)
Lyndie:
18:1957-7430.F ENGAGING IN MONETARY TRANSACTIONS, Money Laundering, 18:1957, 18:2
(22-25)
Outcome: EO: as to (02) Lyndie Kauhi:
In light of Defendant Lyndie Kauhi's Plea of Guilty to the Felony Information held in 1:19-cr-00088-HG-1, the following dates are hereby VACATED in related case 1:18-cr-00101-HG-2:
August 26, 2019, 10:00 a.m., Final Pretrial Conference, Judge Trader
September 12, 2019, 10:30 a.m., Final Pretrial Conference, Judge Gillmor
September 24, 2019, 9:00 a.m., Jury Selection/Trial, Judge Gillmor
SENTENCING as to the Felony Information, in related case 1:19-cr-00088-HG-1, is set for October 17, 2019 at 1:30 p.m. before the Honorable Helen Gillmor.
Plaintiff's Experts:
Defendant's Experts:
Comments:
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