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Case Number: 4:20-cr-00040-GAF
Judge: Gary A. Fenner
Court: United States District Court for the Western District of Missouri (Jackson County)
Plaintiff's Attorney: United States District Attorney’s Office, Kansas City, Missouri
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Description: Kansas City, Missouri criminal defense lawyer represented defendant charged with fraud.
Kraig Gier, 59, was charged with perpetrating a fraud scheme in which he stole more than $1 million from two elderly clients.
Gier, who operated a business called Security Planning Corporation, admitted that he stole a total of $1,087,964 from a 96-year-old client and an 84-year-old client. Through his scheme to defraud, Gier caused losses to one victim client of $879,602 and to another victim client of $208,362. According to court documents, Gier depleted the life savings of his victims, which resulted in one of his victims having to move out of the family home which she and her husband shared with her children for many years.
Gier began making fraudulent withdrawals from the various investment accounts of these clients in February 2015, and had the money deposited into either his personal checking account or his business account. This fraud scheme continued until July 2018.
Gier sometimes forged the signature of the client victims on the paperwork associated with a particular withdraw request. At other times, Gier would contain with the withdrawal paperwork a fraudulent voided check with the victim’s name on it but with his personal or business account number as the intended recipient of the requested funds.
In order to cover up his fraudulent scheme, Gier prepared false and fictitious documentation purportedly from the financial company holding the victim clients’ investment. This documentation would fraudulently represent they were making a significant profit even though he had often significantly depleted their account.
This case was prosecuted by Executive Assistant U.S. Attorney David Ketchmark. It was investigated by the FBI and the Independence, Mo., Police Department.
FRAUD BY WIRE, RADIO, OR TELEVISION
Outcome: Defendant sentenced to the custody of the Federal Bureau of Prisons for a term of 63 months on Count(s) 1 and 63 months on Count 2, concurrent, for a total term of 63 months. Supervised release of 3 years on each count, concurrent, w/mandatory, standard, and special conditions imposed. Fine waived. MSA of $200.00 imposed. Restitution: $1,087,965.24. Defendant advised of right to appeal. Preliminary order of forfeiture finalized and imposed against defendant. Defendant continued on bond and ordered to self-surrender to the Bureau of Prisons at or before 2:00 p.m., on December 21, 2020.