Former businessman sentenced for scamming elderly - Cincinnati News, FOX19-WXIX TV

Former businessman sentenced for scamming elderly

Mark Kirchoff (Source: Clermont County Jail) Mark Kirchoff (Source: Clermont County Jail)

BATAVIA, OH (FOX19) - A former Cincinnati businessman was sentenced Monday on several felony charges for scamming elderly customers.

Mark Kirchoff, of Williamsburg, will spend the next 15 years behind bars and will have to pay $219,876 in restitution.

Earlier this month, Kirchoff pleaded guilty to six counts of theft, three counts of theft from an elderly person, one count of grand theft and one county of securities fraud. He had been indicted on 21 felony counts.

Kirchoff is the former president of G.K. Insurance and Financial in Cincinnati. He was a licensed insurance agent in Ohio from 1991 to March 2010.

The charges were in conjunction with his solicitation of checks from 10 investors and not using the funds to purchase securities. Instead, Kirchoff deposited the checks worth a total of more than $250,000 into his personal bank account.

The 10 investors included senior citizens up to 90 years old, with one of them living with a disability. Most of the investors are residents of southwest Ohio, with one each living in Kentucky and Indiana.

 


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