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Article: WIRE FRAUD ADMITTED ON BEN MAR.(NEWS)
- Article from:
- The Kentucky Post (Covington, KY)
- Article date:
- November 23, 1996
CopyrightCOPYRIGHT 1996 The Kentucky Post. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Paul A. Long and Jeanne Houck, Post staff reporters
The Ben Mar investment firm, which claimed more than $10.6 million from investors, including some among Northern Kentucky's country club set, was a loser almost from the moment it began operating in 1990, federal court documents show.
Now, nearly seven years after the company started operating, the prime force behind the scheme has pleaded guilty to defrauding investors.
Mark Edward Gatch, 38, of Cincinnati, pleaded guilty to one count of wire fraud Friday in U.S. District Court in Covington. The plea could result in a sentence of up to five years in prison and a fine of up to ...