Monday, February 25, 2008

Flipping Scheme Sentencing Hearings Set

Sentencing dates have been set for next month for two of the three men who pleaded guilty in April 2006 to multiple fraud charges in a real estate flipping scheme involving rundown rental homes sold at inflated prices in Springfield and Decatur.


Gary Knox, the mastermind of the scheme, is to be sentenced March 5 and faces 151/2 to 191/2 years in prison. Frank Kelly Ciota, of Riverton, is to be sentenced March 12 and could face 61/2 to 8 years in prison, according to Sharon Paul, spokeswoman for the U.S. attorney’s office.

A third man, Dennis Wiese Jr., of Washington County, faces sentencing in May. His sentence range has not been determined.

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