Broker jailed 11 years for hotel transaction fraud
The president of a hotel brokerage is beginning a 11-year prison sentence after being found guilty of a multi-million dollar fraud involving the sale of several hotels.
Robert Timothy Koger, 48 of Virginia was found guilty of the illegal ‘flipping’ of hotels using straw buyers, extortion and operating a Ponzi scheme, which defrauded clients out of a total of $55 million.
Court records show that Koger defrauded Host Hotels and Resorts out of over $22 million in separate transactions after Koger was appointed by Host as a broker to sell two of its hotels.
In another fraud, Koger set up a Ponzi scheme to withhold and launder money received from prospective buyers of hotels that were to be held while negotiating with the hotels’ owners.
In a third scheme investigating FBI agents uncovered a plan to extort money from a Pittsburgh hotel owner.
Koger had pleaded guilty earlier this year to the charges of wire fraud and conspiracy to commit wire fraud.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Strike action set to cause travel chaos at Brussels airports
Digital Travel Reporter of the Mirror totally seduced by HotelPlanner AI Travel Agent